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:

Distribution Density

The measure of how widely and densely a product or service is available or distributed across a geographical area or market.

Piaget

A Swiss psychologist known for his pioneering work in child development and cognitive theory.

Fine Jewelry

High-quality jewelry made from precious metals and gemstones, including pieces like rings, necklaces, earrings, and bracelets, often associated with luxury and craftsmanship.

Single Retailer

A retail business owned and operated by a single individual or entity, often offering specialized goods or services.