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Westkost [7]
3 years ago
7

if abc company receives $100,000 cash in exchange for issuing 100 bonds at their $1,000 face value, the transaction will be reco

rded with a
Business
1 answer:
m_a_m_a [10]3 years ago
8 0

Based on the information the appropriate journal entry to record the transaction is : Debit to cash of $100,000; Credit to bonds payable of $100,000.

Based on the information given we were told that the cash  amount of $100,000 cash was received my the company in exchange for issuing 100 bonds at their $1,000 face value.

Therefore the correct journal entry to record the transaction is:

Debit  Cash  $100,000

Credit Bonds payable  $100,000

(To record bonds payable)

Learn more here:<em> brainly.com/question/19091678</em>

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