At the beginning and end of 2007, XYZ Company reported the following balances for Bonds Payable:
Jan 1: $100,000
Dec 31: $140,000
In addition, $60,000 In bonds was retired In 2007.
Given the above data, the amount of Bonds Payable issued during the year was ______________.
Correct Answer: $100,000
Explanation:
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