Question: Using the facts in the preceding question, Mcdonaughs entry to record the interest expense on July 1, 2019, will include a a. Debit to Premium

Using the facts in the preceding question, Mcdonaugh’s entry to record the interest expense on July 1, 2019, will include a

a. Debit to Premium on Bonds Payable.

b. Credit to Discount on Bonds Payable.

c. Debit to Bonds Payable.

d. Credit to Interest Expense.

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