Homework Answers
Journal entry
| No | General Journal | Debit | Credit |
| a | Cash | 3600000 | |
| Bonds payable | 3600000 | ||
| b | Cash (3600000*1.02) | 3672000 | |
| Bonds payable | 3600000 | ||
| Premium on bonds payable | 72000 | ||
| c | Cash (3600000*.97) | 3492000 | |
| Discount on bonds payable | 108000 | ||
| Bonds payable | 3600000 | ||
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