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 . . .

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  • Anonymous
    1 decade ago
    Favorite Answer

    The debit to cash would be ( 200 x $1,000 x 1.03) = $206,000

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