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Question - No Game Corp. issued $6000 in principal of 4.625% 5-year junior notes. Investors paid par to purchase the bonds and $300 in issuance costs were paid directly from the proceeds of the bond sale. What is the journal entry required to record the issuance of the? debt?
(Select all that apply.)
Dr. Discount on debt payable -- $300
Cr. Common Stock At Par -- $300
Cr. Debt payable -- $6000
Dr. Bond issuance expense -- $300
Dr. Cash -- $6000
Cr. Debt payable -- $5700
Dr. Cash -- $5700
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