Multiple Choice
The entry made by Webster Company to record issuance of the bonds payable at December 31, 2011, includes:
A) A debit to Cash of $1,000,000.
B) A debit to Discount on Bonds Payable of $30,000.
C) A credit to Bonds Payable of $970,000.
D) A credit to Bond Interest Payable of $30,000.
Correct Answer:
Verified
Correct Answer:
Verified
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