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Burton Corporation Recorded the Following in Its General Journal on 1/1/16

Question 107

Multiple Choice

Burton Corporation recorded the following in its general journal on 1/1/16:
Which of the following answers correctly describes the transaction on 1/1/16?
Burton Corporation recorded the following in its general journal on 1/1/16: Which of the following answers correctly describes the transaction on 1/1/16? A) Burton issued bonds at 102. B) Burton issued bonds at 98. C) Burton issued bonds at a $4,000 premium. D) Burton signed a note payable for $196,000.


A) Burton issued bonds at 102.
B) Burton issued bonds at 98.
C) Burton issued bonds at a $4,000 premium.
D) Burton signed a note payable for $196,000.

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