A company sold bonds at a premium and received cash proceeds of $206,948 on a...
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Accounting
A company sold bonds at a premium and received cash proceeds of $206,948 on a bond issue with a par value of $200,000. The difference between par value and issue price for this bond is recorded as a:
Credit to Premium on Bonds Payable.
Credit to Discount on Bonds Payable.
Debit to Premium on Bonds Payable.
Debit to Discount on Bonds Payable.
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