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Business, 21.12.2020 17:40 xojade

Gross Company sold $100,000 of long-term bonds in the open market for $108,000. The entry to record the transaction would be:DR Cash100,000DR Premium on Bonds Payable8,000CR Bonds payable 108,000DR Bonds payable108,000CR Cash 108,000DR Accounts payable108,000CR Bonds payable 108,000DR Cash108,000CR Premium on Bonds Payable 8,000CR Bonds payable 100,000

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Gross Company sold $100,000 of long-term bonds in the open market for $108,000. The entry to record...

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