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Question
gomez corporation issues 800, 10-year, 8%, $1,000 bonds dated january 1, 2012, at 96. the journal entry to record the issuance will show a
a.debit to cash of $800,000
b.credit to discount on bonds payable for $32,000
c.credit to bonds payable for $768,000
d.debit to cash for $768,000
Answer
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