Plaza Corporation issued $350,000 of 8%,10-year bonds for 102.The entry to record the issuance of the bonds includes a:
A) debit to Discount on Bonds Payable for $7,000.
B) credit to Bonds Payable for $343,000.
C) debit to Bonds Payable for $350,000.
D) credit to Premium on Bonds Payable for $7,000.
Correct Answer:
Verified
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