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Huang Inc. issued 100 bonds with a face value of $\$1,000$ and a 5-year term at $\$960$ each. The journal entry to record this transaction includes ________.A. a debit to Bonds Payable for $\$ 100,000$B. a debit to Discount on Bonds Payable for $\$ 4,000$C. a credit to cash for $\$ 96,000$D. a credit to Discount on Bonds Payable for $\$ 4,000$

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Chapter 13

Long-Term Liabilities

Section 3

Prepare Journal Entries to Reflect the Life Cycle of Bonds

The Real Economy in the Long Run

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so another the compound interest from the A vehicle to pee one plus R over end to the park and t. We're told that a history $1000 are is your picture one and is 20 20 years. Thanks 12 since it's compounded monthly on T is 20 years. So now if you just plug all of this inter formula, you'll see that p is missing. That's which I myself. So 10,000 Does he go to P times on? Sure over Tolls Power times 20. Now they're just gonna bring this whole thing down to this said I se p c p in 10,000 for Plus, you're praying to one over 12 founders Tools Times 20 local during Got later get 13 1246. When 62 That's how much, but I've had to be invested. That's part the problem apart. In flight bees were told that it's compounded continuously. Trains have you have to use the formula A is equal to p E to the power r t so no, just go ahead, read down. The information, given its OK, is 10,000 dollars are also Chief ISS 20 and again, we're trying to solve for Let's go Ahead and plug on this to Formula 10,000 is equal to P. He to the powers your one times 20. So now we just divide this over p p. 10 1000 over eat the party one, sometimes 20 therefore P is equal to 2253 point 35 dollars. If you just this, that's fine.

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