Business

Leroy Fuentes

22 March, 18:56

Bonds with a face amount of $1,000,000 are sold at 106. The journal entry to record the issuance is:

a) Cash 1,000,000; Premium on Bonds Payable 60,000; Bonds Payable 1,060,000

b) Cash 1,060,000; Premium on Bonds Payable 60,000; Bonds Payable 1,000,000

c) Cash 1,060,000; Discount on Bonds Payable 60,000; Bonds Payable 1,000,000

d) Cash 1,060,000; Bonds Payable 1,060,000

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “Bonds with a face amount of $1,000,000 are sold at 106. The journal entry to record the issuance is: a) Cash 1,000,000; Premium on Bonds ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

Which of the following measures how the level of well-being in a country has changed over time? a. level of nominal GDP per person. b. growth rate of nominal GDP. c. growth rate of real GDP. d. growth rate of real GDP per person.

Are the stages of product life cycle more important for a business to focus on the introduction stage or the growth stage of a product? Why?

The Federal Reserve manages the nation's currency and money supply by

Which school of jurisprudential thought believes that promoting market efficiency should be the central goal of legal decision-making?

Which describes how certain workers in Law, Public Safety, and Security careers receive training before and after being hired? A. Police Officers are trained as cadets at an academy and then continue training on the job. B.

New Questions in Business

Which of the following is an example of capital outflow for Germany? a. German company Haribo sells a production facility in Ireland to an Irish competitor b. Volkswagen exports the new 2014 VW Beatle to the United Kingdom c.

Financial institutions are more diversified today than they were in the past, when federal laws kept investment banks, commercial banks, insurance companies, and similar organizations quite separate.

Corny and Sweet grows and sells sweet corn at its roadside produce stand. The selling price per dozen is $4.00, variable costs are $2.00 per dozen, and total fixed costs are $1,200.00. What are breakeven sales in dollars?

Looking at motivation from a content theory approach, the psychological contract suggests that, in return for time, effort, and other considerations, individuals want to receive:

Over the past 30 years, the price of oil has been relatively unstable, fluctuating between $11.00 and well over $100 per barrel Which of the following potentially contributes to oil-price instability?