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Business, 29.11.2019 00:31 4Myboyz1234

The journal entry a company records for the issuance of bonds when the contract rate is less than the market rate would

a. debit cash, credit bonds payable.
b. debit cash and discount on bonds payable, credit bonds payable.
c. debit bonds payable, credit cash.
d. debit cash, credit premium on bonds payable and bonds payable

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