The Reagan Corporation issues 1,000, 10-year, 8%, $1,000 bonds dated January 1, 2009, at 95. The journal entry to record the issuance will show a
A) credit to Discount on Bonds Payable for $50,000.
B) debit to Cash of $1,000,000.
C) credit to Bonds Payable for $1,000,000.
D) credit to Cash for $950,000.
C
You might also like to view...
In a ring topology
a. all nodes are of equal status b. nodes manage private programs and databases locally c. shared resources are managed by a file server which is a node on the ring d. all of the above
The intentional preparation of misleading financial statements is referred to as fraudulent financial reporting
Indicate whether the statement is true or false
Acme Global is analyzing how it can take customers away from organizations in other industries and whether organizations in other industries could take its customers away. It is analyzing the ______ in the five forces model.
A. power of suppliers B. threat of substitute products and services C. potential new entrants D. rivalry among competitors
Probes help salespeople develop two-way communication with prospects.
Answer the following statement true (T) or false (F)