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Crisp’s Computer Co. issued $100,000 of 9% bonds on January 1, 20x9. The bonds mature in ten years and pay interest each December 31. Assume the bonds are issued at a price of 97.3. What is the appropriate journal entry when the bonds are issued on January 1, 20x9? Group of answer choices Dr- Cash $97,300 Cr- Discount on Bonds Payable $2,700 Cr- Bonds Payable $100,000 Dr- Cash $102,700 Cr- Premium on Bonds Payable $2,700 Cr- Bonds Payable $100,000 Dr- Cash $97,300 Dr- Discount on Bonds Payable $2,700 Cr- Bonds Payable $100,000 Dr- Cash $102,700 Dr- Premium on Bonds Payable $2,700 Cr- Bonds Payable $100,000
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