Answer :
The journal entry to record the issuing of 100 bonds at their $1,000 face value will include a debit to cash and a credit to bonds payable.
Journal entry or entries are the foundation of efficient record keeping for business transaction. It refers to the act of making and maintain records of any transactions - economic or non-economic. The transactions are recorded or listed in an accounting journal that exhibits a company's debit and credit balances. There can be multiple recording for the journal entry, each of which is either a debit or a credit. In a transaction when a company issues common bonds to raise money by selling the bonds at the face value, a journal entry. In the record’s the debit will always be cash (as the company received the money) and the credit would be bonds payable (as it pays interest periodically).
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