Bonds with a face amount of $1,000,000 are sold at 106. the journal entry to record the issuance is:
a) cash 1,000,000; premium on bonds payable 60,000; bonds payable 1,060,000
b) cash 1,060,000; premium on bonds payable 60,000; bonds payable 1,000,000
c) cash 1,060,000; discount on bonds payable 60,000; bonds payable 1,000,000
d) cash 1,060,000; bonds payable 1,060,000
Answers: 3
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Bonds with a face amount of $1,000,000 are sold at 106. the journal entry to record the issuance is:...
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