please provide the answer. QUESTION 10 Nickle Industries needs to raise capital for...
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QUESTION 10 Nickle Industries needs to raise capital for expansion purposes. Management is considering issuing $1,000,000 of 7.5%, 20-year bonds dated June 1, 2020 with interest payment dates of December 1 and June 1. Nickle's year-end is December 31. The entry to record the issuance of the bonds on June 1, 2020, at 96.5 includes a: O credit to Interest Payable for $75,000 O credit to Bonds Payable for $965,000 O debit to Discount on Bonds Payable for $35,000 O credit to Cash for $37,500
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