question archive BJ Corporation issues 500, 5-year, 5%, $2,000 bonds dated January 1, 2013, at 104
BJ Corporation issues 500, 5-year, 5%, $2,000 bonds dated January 1, 2013, at 104
Subject:BusinessPrice:3.87 Bought7
BJ Corporation issues 500, 5-year, 5%, $2,000 bonds dated January 1, 2013, at 104. The journal entry to record the issuance is:
| A) Cash $1,000,000 Premium on Bonds $40,000 Bonds Payable $1,040,000 |
|
| B) Cash $1,040,000 Premium on Bonds $40,000 Bonds Payable $1,000,000 |
|
| C) Cash $1,400,000 Bond Payable $1,400,000 |
|
| D) Cash $1,000,000 Bond Payable $1,000,000 |
Option 1
Low Cost Option
Download this past answer in few clicks
3.87 USD
PURCHASE SOLUTION
Option 2
Custom new solution created by our subject matter experts
GET A QUOTE
rated 5 stars
Purchased 7 times
