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Question
molina corporation issues 3,000, 10-year, 8%, $1,000 bonds dated january 1, 2012, at 103. the journal entry to record the issuance will show a
a.debit to cash of $3,000,000
b.debit to premium on bonds payable for $90,000
c.credit to bonds payable for $3,000,000
d.credit to cash for $3,090,000
Answer
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