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Author Question: The journal entry to record $350,000 of bonds that were issued at 97 would be to: (Read 80 times)

charchew

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on: Feb 18, 2020
The journal entry to record $350,000 of bonds that were issued at 97 would be to:
◦ debit Cash, $350,000; credit Bonds payable, $350,000.
◦ debit Cash, $339,500; debit Discount on bonds payable, $10,500; credit Bonds payable, $350,000.
◦ debit Cash, $339,500; credit Bonds payable, $339,500.
◦ debit Cash, $350,000; credit Bonds payable, $339,500; credit Premium on bonds payable, $10,500.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by charchew on Feb 18, 2020

joshbk44

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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charchew

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Reply 2 on: Feb 18, 2020
Excellent

ashely1112

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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