Northbrook Corporation issued $60,000 bonds payable to acquire machinery. The journal entry to record the transaction is:

A) Machinery 60,000 Cash 60,000
B) Machinery 60,000 Bonds Payable 60,000
C) Bonds Payable 60,000 Machinery 60,000
D) Cash 60,000 Bonds Payable 60,000

B

Business

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