Lifestyle > Train of Thought
Anyone here know basic financial accounting?
hansen55:
a. DR Cash 95,000 DR Bond Discount 5,000 CR Bonds Payable 100,000
b. A bond with a face value of 100 will be payable at 100. A bond issued at 95 will never be payable at 105.
c. Same problem as b
d. DR Cash 105,000 CR Bond Premium 5,000 CR Bonds Payable 100,000
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