how to calculate the debit to cash in the amount?
ABC Corporation issues 200, 10-year, 5%, $1,000 bonds dated January 1, 2009, at 103. The journal entry to record the issuance will show a debit to cash in the amount of . . .
- Anonymous1 decade agoFavorite Answer
The debit to cash would be ( 200 x $1,000 x 1.03) = $206,000
Still have questions? Get your answers by asking now.