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Your Company Sells $50,000 of One-Year,10% Bonds for an Issue

Question 159

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.

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