On January 1, 2021, Sheffield Corporation issued $6400000, 10-year, 9% bonds at 103. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2021 is A) Cash 6592000 Bonds Payable 6592000 B) Premium on Bonds Payable 192000 Cash 6400000 Bonds Payable 6592000 C) Cash 6592000 Bonds Payable 6400000 Premium on Bonds Payable 192000 D) Cash 6400000 Bonds Payable 6400000

On January 1, 2021, Sheffield Corporation issued $6400000, 10-year, 9% bonds at 103. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2021 is A)...

On January 1, 2021, Sheffield Corporation issued $6400000, 10-year, 9% bonds at 103. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2021 is

A)

Cash	6592000

Bonds Payable		6592000

B)

Premium on Bonds Payable	192000

Cash	6400000

Bonds Payable		6592000

C)

Cash	6592000

Bonds Payable		6400000

Premium on Bonds Payable		192000

D)

Cash	6400000
Bonds Payable		6400000

Jun 09, 2022

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