Assume that on 1 January 2016 the company issued $100 000 10-year bonds with a 10 per cent coupon rate paid semi-annually.The bond is issued to yield a 12 per cent return to investors selling for $88 529.
-What would be the debit journal entry to record the sale of the bond on 1 January 2016?
A) Dr Cash $88 529
B) Dr Cash $100 000
C) Dr Bonds $88 529
D) Dr Bonds $100 000
Correct Answer:
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