Journal entry to record the issuance fundamental, Accounting Basics

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Journal entry to record the issuance fundamental

Lopez Corporation issues 500, 10-year, 8%, $1,000 bonds dated January 1, 2007, at 96. The journal entry to record the issuance will show a:

a) debit to Cash of $500,000.

b) credit to Discount on Bonds Payable for $20,000.

c) credit to Bonds Payable for $480,000.

d) debit to Cash for $480,000.

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Accounting Basics: Journal entry to record the issuance fundamental

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Accounting Basics: Journal entry to record the issuance fundamental

Reference No:- TGS082023

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Recent Questions Asked Accounting Basics

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Accounting Basics: Journal entry to record the issuance fundamental

Reference No:- TGS082023

Recent Questions Asked Accounting Basics

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Q : Connie and her fellow union employees went out on strike

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