Prepare the journal entry to record the issuance of the


  1. Prepare the journal entry to record the issuance of the bonds.(For multiple debit/creditentries, list amounts from largest to smallest eg 10, 5, 3,2.)
    Account/Description Debit Credit
    Cash $ 485,000
    Discount on bonds payable $ 15,000
           Bondspayable $ 500,000
  2. Compute the total cost of borrowing for these bonds.

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Accounting Basics: Prepare the journal entry to record the issuance of the
Reference No:- TGS0598213

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