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

College Accounting: A Practical Approach


Edition: 13th
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OmpaOmpa
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7 years ago
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upton Author
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7 years ago
Smart ... Thanks!
cartoon
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Yesterday
Correct Slight Smile TY
joyceess
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2 hours ago
This helped my grade so much Perfect
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