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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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Posts: 1455
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7 years ago
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
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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7 years ago
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majestico Author
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#2
7 years ago
Thanks for attempting to answer. You were correct in your response!
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#3
6 years ago
Happy to help Slight Smile
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