Smith Corporation Issues $1,800,000,10-Year,6% Bonds Payable at a Price of 95.The

question 99

Multiple Choice

Smith Corporation issues $1,800,000,10-year,6% bonds payable at a price of 95.The journal entry to record the issuance will include a:

• A)debit to Cash of $1,800,000.
• B)credit to Discount on Bonds Payable for $90,000.
• C)credit to Bonds Payable for $1,710,000.
• D)debit to Cash for $1,710,000.

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Definitions:

Oedipus Complex

A Freudian theory proposing a child's unconscious sexual desire for the opposite-sex parent and jealousy towards the same-sex parent.

Phallic Stage

In psychoanalytic theory, a developmental stage in early childhood focusing on the genitals and the differences between males and females.

Pleasure Principle

A psychoanalytic concept proposing that people seek immediate gratification of needs and desires to avoid pain or discomfort.

Psychic Tension

Mental or emotional strain and stress.