The journal entry to record $200,000 of bonds that were issued at 104 would be to:
A) debit Cash,$200,000;credit Bonds payable,$200,000.
B) debit Cash,$208,000;credit Bonds payable,$208,000.
C) debit Cash,$208,000;credit Bonds payable,$200,000;credit Premium on bonds payable,$8,000.
D) debit Cash,$200,000;debit Discount on bonds payable,$8,000;credit Bonds payable,$208,000.
Correct Answer:
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