if the bonds in the first question had been issued at 104 the entry to record the is 626054
If the bonds in the first question had been issued at 104, the entry to record the issuance would have been:
|
Cash |
104,000 |
|
|
Bonds payable |
100,000 |
|
|
Premium on bonds |
4,000 |
|
|
payable |
||
|
Cash |
102,000 |
|
|
Bonds payable |
100,000 |
|
|
Bonds interest payable |
2,000 |
|
|
Cash |
106,000 |
|
|
Bonds payable |
100,000 |
|
|
Premium on bonds |
4,000 |
|
|
payable |
||
|
Bonds interest payable |
2,000 |
|
d. None of the above.