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candy corporation has $100,000 of 8% bonds that were issued in year 1 at face amount. when the bonds are repaid at the maturity date, the journal entry will require which of the following entries?

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The journal entry will require the following entries debit bonds payable $100,000 and Credit cash $100,000.

The transactions pertaining to performance appraisal, opening stock, amortization, accounting mistakes, etc. are documented in a general journal, which is a daybook or auxiliary journal. General journal entries may have invoices, copies of management reports, and journal vouchers as their source materials.

Prime entry books, also known as books of original entry, are journals because transactions were first recorded in a journal before being physically posted to accounts in the main ledger or a subsidiary ledger. It is the process of recording double entry bookkeeping transactions by subtracting one or more account and crediting one or more other accounts with the same sum of money.

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