Journal entry to record the issuance of mendez corporation, Accounting Basics

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Journal entry to record the issuance of mendez corporation

Mendez Corporation issues 3,000,10-year,8%,$1,000 bonds dated January 1,2010,at 103.the journal entry to record the issuance will show a ?

A)debit to cash of $3,000,000

B)credit to Premium on Bonds Payable for $90,000

c)credit to Bonds Payable for $3,015,000

D)credit to cash for $3,090,000

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Accounting Basics: Journal entry to record the issuance of mendez corporation

Reference No:- TGS067413

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Accounting Basics: Journal entry to record the issuance of mendez corporation

Reference No:- TGS067413

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Determining the gross profit for the year

Q : Recognizing revenue for the membership fees

Q : Booth-rental for the convention

Q : Entry to record the coversion

Q : Journal entry to record the issuance of mendez corporation

Q : Amount of bond intrest expense

Q : Expensed under us gaap and ifrs

Q : Why management would purchase its own stock

Q : Net amount to the revalued amount of the asset

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Journal entry to record the issuance of mendez corporation

Reference No:- TGS067413

Recent Questions Asked Accounting Basics

Q : Determining the gross profit for the year

Q : Recognizing revenue for the membership fees

Q : Booth-rental for the convention

Q : Entry to record the coversion

Q : Journal entry to record the issuance of mendez corporation

Q : Amount of bond intrest expense

Q : Expensed under us gaap and ifrs

Q : Why management would purchase its own stock

Q : Net amount to the revalued amount of the asset

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