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question on january 1 2013 carter corporation issued 5 000 000 10 year 8 bonds at 10 4278448

Question

On January 1, 2013, Carter Corporation issued $5,000,000,10-year, 8% bonds at 103. Interest is payable semiannually onJanuary 1 and July 1. The journal entry to record this transactionon January 1, 2013 is

A)Debit: Cash 5000000 Credit:Bonds Payable 5000000

B) Debit: Cash 5150000 Credit:Bonds Payable 5150000

C) Debit: Premium on bondspayable 150000 Debit: Cash 5000000 Credit: bonds payable5150000

D) Debit: cash 5150000 Credit:bonds payable 5000000 Credit: premium on bonds payable150000

Question 17 options: 1) a 2) b 3) c 4) d

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