Spring Inc, a claendar-year firm, is authorized to issue $ 200,000 of 10%, 20 year bonds dated January 1, 2022, with interest payable on January 1 and July 1 of each year. If the bonds were issued to yield 12%, the entry to account for the discount amortization and accrual of interest on December 31, 2022, would include a

Question 13 options:

a)	debit to Bonds Payable

b)	debit to Discount on Bonds Payable

c)	credit to Interest Payable

d)	Credit to Cash

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The correct option is b debit to Discou... View the full answer