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What is the JE of the Issuance of a bond at a Premium given the following?

Given:
Issue Price: 1,081,145
Par: 1,000,000

Cash       1,081,145
            Premium on Bonds Payable       81,145
            Bonds Payable                              1,000,000

Flashcard info:

Main topic: Accounting

School / Univ.: UGA

Published: 01.05.2010