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Landings Glassware Company issues
$ 1 comma 041 comma 000$1,041,000
of
99%,
10minusyear
bonds at
9595
on February 28, 2019. The bonds pay interest on February 28 and August 31. The journal entry to record the issuance includes a ________.
A.
credit to Bonds Payable for $ 988 comma 950$988,950
B.
debit to Cash for $ 988 comma 950$988,950
C.
debit to Cash for $ 1 comma 041 comma 000$1,041,000
D.
credit to Discount on Bonds Payable for $ 52 comma 050
Answer & Explanation
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