The Amazing Widget Company Issues $539,000 of 7%,10-Year Bonds at 104

question 38

Multiple Choice

The Amazing Widget Company issues $539,000 of 7%,10-year bonds at 104 on March 31,2017.The bonds pay interest on March 31 and September 30.Assume that the company uses the straight-line method for amortization.The journal entry to record the issuance includes a ________.

• A)debit to Cash for $539,000
• B)credit to Bonds Payable for $560,560
• C)debit to Premium on Bonds Payable for $21,560
• D)debit to Cash for $560,560

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A fundamental set of concepts and propositions that defines a discipline's overarching framework or viewpoint.

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Related to syntax, which is the set of rules, principles, and processes that govern the structure of sentences in a given language or system.

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