On April 1,Year 1,the journal entry to record issuance of the bonds will include:
A)A credit to Interest Payable of $1,000,000.
B)A debit to Cash of $20,000,000.
C)A credit to Bonds Payable of $2,100,000.
D)A debit to Cash of $21,000,000.

Question

Quizplus · Accepted Answer

The Answer of On April 1,Year 1,the journal entry to record issuance of the bonds will include:
A)A credit to Interest Payable of $1,000,000.
B)A debit to Cash of $20,000,000.
C)A credit to Bonds Payable of $2,100,000.
D)A debit to Cash of $21,000,000.

On April 1,Year 1,the Journal Entry to Record Issuance of the Bonds