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If ABC Company Issues 100 of Its $1,000 Bonds at a Price

Question 208

Multiple Choice

If ABC Company issues 100 of its $1,000 bonds at a price of 110,the journal entry to record the transaction includes a:


A) debit to Cash of $100,000.
B) credit to Premium on Bonds Payable of $10,000.
C) debit to Cash of $90,000.
D) debit to Discount on Bonds Payable of $10,000.

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