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Fast2F Fast2F
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7 years ago
Casey issued bonds for $20,000 at 12% face value on July 1. 12% interest payments are due January 1 and July 1. What is the adjusting entry on December 31?
A) Bond Interest Expense    1200
Bond Interest Payable   1200

B) Bond Interest Payable   1400
Bond Interest Expense   1400

C) Bond Interest Expense   200
Bond Interest Payable   200

D) Bond Interest Expense   2400
Bond Interest Expense   2400
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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7 years ago
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Fast2F Author
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7 years ago
I wish I would have known about this service with my other classes.
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