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Business, 24.04.2020 17:57 chickennbutt0730

Vasquez issued a $400,000 face value, 8%, 20-year bond at 95. Which of the following is the correct journal entry to record the retirement of the bond at maturity? A. Date Accounts and Explanation Debit Credit Bonds Payable 380,000 Cash 380,000 B. Date Accounts and Explanation Debit Credit Cash 380,000 Bonds Payable 380,000 C. Date Accounts and Explanation Debit Credit Cash 400,000 Bonds Payable 400,000 D. Date Accounts and Explanation Debit Credit Bonds Payable 400,000 Cash 400,000

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Vasquez issued a $400,000 face value, 8%, 20-year bond at 95. Which of the following is the correct...

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