Gamble Corporation issues $100,000 of 9%,10-year bonds dated March 1 at par on May 31.The entry to record the issue includes a:
A) debit to Cash for $102,250
B) debit to Interest Payable for $2,250
C) credit to Interest Revenue for $2,250
D) credit to Bonds Payable for $102,250
Correct Answer:
Verified
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