Plaza Corporation Issued $350,000 of 8%,10-Year Bonds for 98

question 28

Multiple Choice

Plaza Corporation issued $350,000 of 8%,10-year bonds for 98.The entry to record the issuance of the bonds includes a:

• A)debit to Discount on Bonds Payable for $7,000.
• B)credit to Bonds Payable for $343,000.
• C)debit to Bonds Payable for $350,000.
• D)credit to Cash for $343,000.

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Definitions:

Software And Hardware

Refers to the two main components of computing: software (intangible programs and data) and hardware (physical, tangible parts of a computer).

Covalent Bond

Chemical bond in which atoms share one pair of electrons.

Ionic Compounds

Chemical compounds composed of ions held together by electrostatic forces termed ionic bonding, typically formed between metals and non-metals.

Transfer of Electrons

A fundamental process in chemistry where electrons move from one atom, ion, or molecule to another, driving various chemical reactions and energy production.