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Bonds are issued for $80,000 at 12% face value on September 1. The stated interest is 12% and ...

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Bonds are issued for $80,000 at 12% face value on September 1. The stated interest is 12% and ...

Bonds are issued for $80,000 at 12% face value on September 1. The stated interest is 12% and interest is paid on September 1 and March 1. What is the adjusting entry on December 31?
A) Bond Interest Expense   3200
Bond Interest Payable   3200

B) Bond Interest Expense    1600
Bond Interest Payable   1600

C) Bond Interest Payable   9600
Bond Interest Expense   9600

D) Bond Interest Expense   2400
Bond Interest Payable   2400

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College Accounting: A Practical Approach

Edition: 13^th

Author: Slater

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majestico Author

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Thanks for attempting to answer. You were correct in your response!

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Augustis

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