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Your Company Sells $40,000 of One-Year,10% Bonds for an Issue

Question 212

Multiple Choice

Your company sells $40,000 of one-year,10% bonds for an issue price of $39,000.The journal entry to record this transaction will include a credit to Bonds Payable in the amount of:


A) $39,000.
B) $40,000.
C) $43,000.
D) $44,000.

Correct Answer:

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