Harley Corporation issued a 10%, $800,000 8-year bond at 104. The entry to record the issuance transaction is to:
A) debit Cash $800,000; credit Bonds Payable $800,000.
B) debit Cash $832,000; credit Bonds Payable $832,000.
C) debit Cash $832,000; credit Bonds Payable $800,000 credit Premium on Bonds Payable $32,000.
D) debit Cash $800,000; debit Premium on Bonds Payable $32,000; credit Bonds Payable $832,000.
Correct Answer:
Verified
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