Question: On March 1, Sheridan Corp. issues a 3 year, 7%, $54000 bond at face value. Interest is paid semi-annually. The entry to record the

On March 1, Sheridan Corp. issues a 3 year, 7%, $54000 bond

On March 1, Sheridan Corp. issues a 3 year, 7%, $54000 bond at face value. Interest is paid semi-annually. The entry to record the first interest payment will include a O debit to Cash of $1890. credit to Interest Expense of $3780. O debit to Interest Expense of $1890. O debit to Bonds Payable of $3780.

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