Four Thousand Bonds with a Face Value of $1,000 Each

question 230

Multiple Choice

Four thousand bonds with a face value of $1,000 each, are sold at 97. The entry to record the issuance is

• A) Cash 3,880,000 Bonds Payable 3,880,000
• B) Cash 3,880,000 Discount on Bonds Payable 120,000
• Bonds Payable 4,000,000
• C) Cash 3,880,000 Premium on Bonds Payable 120,000
• Bonds Payable 4,000,000
• D) Cash 4,000,000 Discount on Bonds Payable 120,000
• Bonds Payable 3,880,000

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Definitions:

External Locus

Refers to an individual's belief that their success or failure is influenced by external factors beyond their control.

Locus of Control

A psychological concept referring to individuals' beliefs about the extent to which outcomes of their actions are due to internal or external factors.

Type A Personality

A personality characterized by competitiveness, high ambition, aggressiveness, impatience, and a sense of urgency, often linked to stress and health issues.

Psychoneuroimmunology

The study of how the psychological processes, nervous system, and immune system interact and affect each other.