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Fast2F Fast2F
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6 years ago
On October 1, Indiana Company issued $10,000, 8%, 5-year bonds at 102. What is the adjusting entry on December 31 using the straight-line method?
A) Bond Interest Expense   190
Premium on Bonds Payable   10
Bond Interest Payable   200

B) Bond Interest Expense   200
Bond Interest Payable   200

C) Bond Interest Expense   210
Premium on Bonds Payable   10
Bond Interest Payable   200

D) Bond Interest Expense   800
Bond Interest Payable   800
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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OmpaOmpa
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Fast2F Author
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6 years ago
I’m very happy now Smiling Face with Open Mouth Thank you for the answe
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