If the bonds in the first question had been issued at 104, the entry to record the issuance would have been:
|
Cash |
104,000 |
|
|
Bonds payable |
100,000 |
|
|
Premium on bonds |
4,000 |
|
|
payable |
||
|
Cash |
102,000 |
|
|
Bonds payable |
100,000 |
|
|
Bonds interest payable |
2,000 |
|
|
Cash |
106,000 |
|
|
Bonds payable |
100,000 |
|
|
Premium on bonds |
4,000 |
|
|
payable |
||
|
Bonds interest payable |
2,000 |
|
d. None of the above.