Burton Company issued bonds with a face value of $100,000 on January 1, 2013 at 90. Which of the following journal entries would be required to record the bond issue?

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The issue price of a $100,000 bond issued at 90 is $90,000. The issuance is recorded as a debit (increase) to cash of $90,000, a debit (increase) to the contra-liability discount on bonds payable of $10,000, and a credit (increase) to bonds payable of $100,000, the face value of the bon

Burton Company Issued Bonds with a Face Value of $100,000