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Question(s) / Instruction(s):

(TCO D) Payne Corporation issues 100, 20-year, 6% $1,000 bonds dated July 1, 2010, at 94.  The journal entry to record the amount of cash will show a

a)            Debit to Cash of $194,000                                            

b)            Debit to Cash of $100,000                                            

c)            Debit to Cash of $94,000                                              

d)            Debit to Cash of $60,000                                              

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