The sale and issuance of $400,000,8% bonds with a market rate of 8% would involving debiting Cash for:

Name: The sale and issuance of $400,000,8% bonds with a market rate of 8% would involving debiting Cash for:
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The amount debited to Cash in this transaction would be equal to the face value of the bonds, which is $400,000. The market rate of interest being the same as the stated rate means the bonds are sold at par value, so there is no premium or discount to be considered in the cash transaction.

The Sale and Issuance of $400,000,8% Bonds with a Market