Multiple Choice
On April 1,Year 1,the journal entry to record issuance of the bonds will include:
A) A credit to Interest Payable of $1,000,000.
B) A debit to Cash of $20,000,000.
C) A credit to Bonds Payable of $2,100,000.
D) A debit to Cash of $21,000,000.
Correct Answer:
Verified
Correct Answer:
Verified
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