A Bond Issue of $100,000 Selling at 98, Would Require

question 64

Multiple Choice

A bond issue of $100,000 selling at 98, would require a journal entry including a

• A) debit to Bonds Payable for $98,000.
• B) credit to Cash for $98,000.
• C) credit to Premium of Bonds Payable for $2,000.
• D) debit to Discount on Bonds Payable for $2,000.

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Definitions:

Economic Benefits

Advantages or gains of a financial nature derived from activities or situations such as employment, investment, or socio-economic policies.

Social Benefits

Advantages or positive effects that individuals or communities receive as a result of social policies, interactions, or structures, contributing to overall well-being.

Fathers

Male parents who play significant roles in their children's lives, potentially impacting their development and well-being.

In Vitro Fertilization

A medical procedure whereby an egg is fertilized by sperm outside the body, in a laboratory dish, and then implanted in the uterus for pregnancy.