Gomez Corporation issues 900 10-year 8% $1000 bonds dated January 1 2021 at 96.Recording the issuance will show a(n)
A) increase to Cash of $900000.
B) decrease to Discount on Bonds Payable for $36000.
C) increase to Bonds Payable for $864000.
D) increase to Cash for $864000.
Correct Answer:
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