The journal entry a company records for the payment of interest, interest expense, and amortization of bond

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The journal entry a company records for the payment of interest, interest expense, and amortization of bond discount is:

a. debit Interest Expense, credit Cash

b. debit Interest Expense and Discount on Bonds Payable, credit Cash

c. debit Interest Expense, credit Interest Payable and Discount on Bonds Payable

d. debit Interest Expense, credit Cash and Discount on Bonds Payable

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Posted Date: Nov 30, 2018 09:32 AM

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The journal entry a company records for the payment of interest, interest expense, and amortization of bond

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Intermediate Accounting

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