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Other Fields Homework Help Accounting Topic started by: upton on Jun 6, 2017



Title: On October 1, Indiana Company issued $10,000, 8%, 5-year bonds at 98. What is the adjusting entry on ...
Post by: upton on Jun 6, 2017
On October 1, Indiana Company issued $10,000, 8%, 5-year bonds at 98. What is the adjusting entry on December 31 using the straight-line method?
A) Bond Interest Expense   200
Bond Interest Payable   200

B) Bond Interest Expense   210
Discount on Bonds Payable   10
             Bond Interest Payable   200

C) Bond Interest Expense   800
Bond Interest Payable   800

D) Bond Interest Expense   190
Discount on Bonds Payable     10
Bond Interest Payable   200


Title: Re: On October 1, Indiana Company issued $10,000, 8%, 5-year bonds at 98. What is the adjusting ...
Post by: Ompa on Jun 6, 2017
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