Blandings Glassware Company issues $1,171,000 of 12%,10-year bonds at 95 on February 28,2017.The bonds pay interest on February 28 and August 31.The journal entry to record the issuance includes a ________.
A) debit to Cash for $1,171,000
B) credit to Bonds Payable for $1,112,450
C) credit to Discount on Bonds Payable for $58,550
D) debit to Cash for $1,112,450
Correct Answer:
Verified
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