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What the proper entry to record issuance of the bonds

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Problem 1: Petty Corporation issued $100,000 of 3%, 10-year bonds on April 1, 201, at 104. Interest is paid on April 1 and October 1. The proper entry to record issuance of the bonds includes a debit to Cash for ____________.

a) $102,167

b) $100,000

c) $107,000

d) $104,000

e) $103,000

Reference no: EM132784278

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