Bonds with a face value of $200,000 were issued at 103.The entry to record the issuance will include a debit to the Cash account for

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The face value of the bond is $200,000, but it was issued at 103, which means that it was issued at a premium. To calculate the issuance price, we take the face value and multiply it by 103% which gives us $206,000. Therefore, the entry to record the issuance will include a debit to the Cash account for $206,000.

Bonds with a Face Value of $200,000 Were Issued at 103.The