Bonds with a face amount $1,000,000 are sold at 98 . The entry to record the issuance is
a. Cash
Premium on Bonds Payable 1,000,000
20,000
Bonds Payable 980,000
b. Cash 980,000
Premium on Bonds Payable 20,000
Bonds Payable 1,000,000
c. Cash 980,000
Discount on Bonds PayableBonds Payable 20,000
1,000,000
d. Cash
Bonds Payable 980,000
980,000
c
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false
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Restoration of data files from tape ________
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