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Lopez Corporation issues 500 ten-year, 8%, $1,000 bonds dated January 1, 2007 Answer

 (TCOs D, G) Lopez Corporation issues 500 ten-year, 8%, $1,000 bonds dated January 1, 2007, at 96. The journal entry to record the issuance will show a _____. (Points : 5)

 

Ans: debit to Cash for $480,000

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