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
You might also like to view...
What type of deed is received by a purchaser after a sheriff's sale?
A. Limited warranty deed B. Quitclaim deed C. Sheriff's deed D. Grant deed
Business
In the language of global marketing, ________ is the phrase used to describe advertising that represents a middle ground between 100% standardization and 100% localization
A) "stereotype advertising" B) "template advertising" C) "cookie-cutter advertising" D) "compromise advertising" E) "pattern advertising"
Business