The Bonds Payable account would be credited for $104,000 to record the issuance of $100,000 face value, 10 percent bonds at a market price of 104.

Name: The Bonds Payable account would be credited for $104,000 to record the issuance of $100,000 face value, 10 percent bonds at a market price of 104.
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The Answer of The Bonds Payable account would be credited for $104,000 to record the issuance of $100,000 face value, 10 percent bonds at a market price of 104.

The Bonds Payable Account Would Be Credited for $104,000 to Record