abc-company-issues-zero-coupon-bonds-with-a-face-value-of-60000-at-a-10-discount

Question

ABC Company issues zero coupon bonds with a face value of $60,000 at a 10% discount. How would the journal entry be balanced?

Accepted Answer

Debit Cash $$54,000, Credit Bonds Payable 60$$,000, Debit Discount on Bonds Payable $6,000

Answer

Debit Cash $$54,000, Credit Bonds Payable 54$$,000

Answer

Debit Cash $$60,000, Credit Bonds Payable 60$$,000

Answer

Debit Cash $$60,000, Credit Bonds Payable 54$$,000, Credit Discount on Bonds Payable $6,000

ABC Company issues zero coupon bonds with a face value of \$60,000 at a 10% discount. How would the journal entry be balanced?