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Business, 05.12.2019 20:31 hannahbaak

On january 1, parson freight company issues 7 % , 10-year bonds with a par value of $2,000,000. the bonds pay interest semiannually. the market rate of interest is 8% and the bond selling price was $1,864,097. the bond issuance should be recorded as: multiple choice debit cash $1,864,097; debit discount on bonds payable $135,903; credit bonds paysble $2,000,000. debit cash $1,864,097; credit bonds payable $1,864,097, debit cash $2,000,000; credit bonds payable $2,000,000 debit cash $2,000,000, credit bonds payable $1864,097; credit discount on bos payable $135,903. debit cash $1864,097; debit interest expense $135,903, credit bonds payable $2,000,000 charger company's most recent balance sheet reports total assets of $27,000,000, total liabilities of $15,000,000 and t debt to equity ratio for the period is (rounded to two decimals) and total equity of $12,000,000. the multiple cholce 180 080 125 0.44 0.56

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On january 1, parson freight company issues 7 % , 10-year bonds with a par value of $2,000,000. the...
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