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Title: $400,000 of 12%, 10-year bonds were sold for $380,000 on January 1. The bonds require semiannual ... Post by: tivo on Feb 21, 2017 $400,000 of 12%, 10-year bonds were sold for $380,000 on January 1. The bonds require semiannual interest payments on June 30 and December 31. The entry to record the June 30 interest payment on the bonds would be to:
A) debit Interest Expense $24,000; credit Cash, $24,000. B) debit Interest Expense $23,000; debit Discount on bonds payable, $1,000; credit Cash, $24,000. C) debit Interest Expense $25,000; credit Cash, $25,000. D) debit Interest Expense $25,000; credit Discount on bonds payable, $1,000; credit Cash, $24,000. Title: Re: $400,000 of 12%, 10-year bonds were sold for $380,000 on January 1. The bonds require semiannual ... Post by: largerthanlife on Feb 21, 2017 Content hidden
Title: Re: $400,000 of 12%, 10-year bonds were sold for $380,000 on January 1. The bonds require semiannual ... Post by: tivo on Apr 10, 2017 Luckily this is the last business course I'll be taking. Thank you greatly
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