1. 2. J Question Help New Trend Company sells $600,000 of 12%, 5-year bonds for 91.5193 on...

1.


2. 

Transcribed Image Text:

J Question Help New Trend Company sells $600,000 of 12%, 5-year bonds for 91.5193 on April 1, 2018. The market rate of interest on that day is 14.5%. Interest is paid each year on April 1. The entry to record the sale of the bonds on April 1 would be as follows: (Intermediary and final answer calculations are rounded to the nearest whole number.) OA. Cash Bonds Payable OB. Cash Discount on Bonds Payable Bonds Payable OC. Cash Discount on Bonds Payable Bonds Payable OD. Cash Bonds Payable 600,000 600,000 549,116 50,884 549,116 600,000 50,884 549,116 600.000 549,116 J Question Help New Trend Company sells $600,000 of 12%, 5-year bonds for 91.5193 on April 1, 2018. The market rate of interest on that day is 14.5%. Interest is paid each year on April 1. The entry to record the sale of the bonds on April 1 would be as follows: (Intermediary and final answer calculations are rounded to the nearest whole number.) OA. Cash Bonds Payable OB. Cash Discount on Bonds Payable Bonds Payable OC. Cash Discount on Bonds Payable Bonds Payable OD. Cash Bonds Payable 600,000 600,000 549,116 50,884 549,116 600,000 50,884 549,116 600.000 549,116

Answer rating: 100% (QA)

1 Cash Discount on Bonds To Bonds Payable Therefore Option C is correct an... View the full answer