Landings Glassware Company issues $1,150,000 of 15%, 10-year bonds at 95 on February 28, 2019. The bonds pay interest on February 28 and August 31. The journal entry to record the issuance includes a ________.
A) debit to Cash for $1,150,000
B) credit to Bonds Payable for $1,092,500
C) credit to Discount on Bonds Payable for $57,500
D) debit to Cash for $1,092,500
D) debit to Cash for $1,092,500
Explanation: Cash received = 1,150,000 × 95% = 1,092,500
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A. remorse B. recognition C. respect D. repetition
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Answer the following statement true (T) or false (F)