Bonds with a face amount $1,000,000, are sold at 98. The entry to record the issuance is:

A) Cash 1,000,000 Premium on Bonds Payable 20,000Bonds Payable 1,020,000
B) Cash 980,000Premium on Bonds Payable 20,000Bonds Payable 1,000,000
C) Cash 980,000Discount on Bonds Payable 20,000Bonds Payable 1,000,000
D) Cash 980,000Bonds Payable 980,000


C

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A. the banking industry B. the credit card industry C. the federal government D. the retail industry

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