Question: Question 34 (15 points) Assume that a $100,000 bond is issued at $108,530. If the amortized premium at the end of period x is $744
Question 34 (15 points) Assume that a $100,000 bond is issued at $108,530. If the amortized premium at the end of period "x" is $744 and the interest paid is $4,000, the correct journal entry would be: a) Debit Interest Expense 4,744 and Credit Cash 4000 and Credit Bond Premium 744 b) Debit Interest Expense 4,000 and Credit Cash 4,000 c) Debit Interest Expense 3,256, Debit Bond premium 744 and Credit Cash 4,000 d) None of these entries is correct
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