Record issuance of the bonds includes a debit to cash

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Reference no: EM13911919

Hutton Corporation issued $100,000 of 7%, 15-year bonds on June 1, 20X6 (dated April 1 20X6) at 101 plus accrued interest, which is paid on April 1 and October 1. The proper entry to record issuance of the bonds includes a debit to Cash for:

A. $100,000.

B. $101,000.

C. $101,167.

D. $102,167.

E. None of these.

Reference no: EM13911919

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