Multiple Choice
Your company sells $50,000 of one-year,10% bonds for an issue price of $52,000.The journal entry to record this transaction will include a credit to Bonds Payable in the amount of:
A) $50,000.
B) $52,000.
C) $55,000.
D) $57,000.
Correct Answer:

Verified
Correct Answer:
Verified
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