Five thousand bonds with a face value of $2000 each, are sold at 106. The entry to record the issuance is?

Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental).
A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower.
Companies, municipalities, states, and sovereign governments utilise bonds to finance operations and initiatives. Bondholders are the issuer's debtors or creditors.
Bond specifications typically include the terms for variable or fixed interest payments made by the borrower, as well as the end date by which the principle of the loan is expected to be paid to the bond owner.
Bonds are a type of debt instrument that stand in for loans given to the issuer.

Bonds are a frequent tool used by enterprises and governments (at all levels) to borrow money. Roads, schools, dams, and other infrastructure must be funded by the government. The sudden cost of conflict might also necessitate the necessity for fundraising.

The debit cash is $2000 × 5000 × 106% = 1,06,00,000.

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