The Freeman Corporation issues 2,000, 10-year, 8%, $1,000 bonds dated January 1 at 96. The journal entry to record the issuance will show a:___. a. debit to Cash of $2,000,000.
b. credit to Discount on Bonds Payable for $80,000.
c. credit to Bonds Payable for $1,920,000.
d. debit to Cash for $1,920,000.

d. debit to Cash for $1,920,000

Explanation:

                                    Journal entry

Date   Account titles and Explanation     Debit              Credit

           Cash                                              $1,920,000

           (2,000*$1,000*0.96)

           Discount on Bonds Payable     $80,000

           (2,000*$1,000*0.04)

                    Bonds Payable                                            $2,000,000

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muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.