Zahller Company Issued 5000 Bonds with a Face Value of $1000

question 183

Multiple Choice

Zahller Company issued 5000 bonds with a face value of $1000 each at 102 on November 1.The bonds were dated November 1.Use the following tabular analysis to record the issuance:

• A)Increase to Cash and an increase to Bonds Payable for $5100000.
• B)Increase to Cash for $5000000 a decrease to Premium on Bonds Payable for $100000 and an increase to Bonds Payable for $5100000.
• C)Increase to Cash for $5100000 and an increases to Premium on Bonds Payable for $100000 and to Bonds Payable for $5000000.
• D)Increase to Cash for $5100000 an increase to Interest Expense for $100000 and an increase to Bonds Payable for $5000000.

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Definitions:

Contact Hours

A measure of the amount of time an individual spends in direct, instructional interaction, often used in educational settings.

Recertify

The process of renewing a certification or qualification to verify that an individual or organization continues to meet the standards required by a regulatory body or professional association.

Advanced Administrative Duty

Tasks or responsibilities assigned to high-level administrative positions that involve complex management or oversight roles.

STAT Laboratory Tests

STAT laboratory tests refer to diagnostic testing that is urgently performed to obtain rapid results for critical patient care decisions.