Burton Corporation Recorded the Following in Its General Journal on 1/1/16

question 107

Multiple Choice

Burton Corporation recorded the following in its general journal on 1/1/16:
Which of the following answers correctly describes the transaction on 1/1/16?

• A)Burton issued bonds at 102.
• B)Burton issued bonds at 98.
• C)Burton issued bonds at a $4,000 premium.
• D)Burton signed a note payable for $196,000.

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