Your company sells $41,000 of one-year, 12% bonds for an issue price of $39,500. The journal entry to record this transaction will include a credit to Bonds Payable in the amount of: Multiple Choice $39,500. $41,000. $44,420. $45,920.
Your company sells $41,000 of one-year, 12% bonds for an issue price of $39,500. The journal entry to record this transaction will include a credit to Bonds Payable in the amount of: Multiple Choice $39,500. $41,000. $44,420. $45,920.
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 16MC: Keys Inc. issued 100 bonds with a face value of $1,000 and a rate of 8% at $1,025 each. The journal...
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Question
Your company sells $41,000 of one-year, 12% bonds for an issue price of $39,500. The
Multiple Choice
-
$39,500.
-
$41,000.
-
$44,420.
-
$45,920.
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