The Adjusting Entry to Record the Amortization of a Discount

question 111

Multiple Choice

The adjusting entry to record the amortization of a discount on bonds payable is

• A) debit Discount on Bonds Payable, credit Interest Expense
• B) debit Interest Expense, credit Discount on Bonds Payable
• C) debit Interest Expense, credit Cash
• D) debit Bonds Payable, credit Interest Expense

---

Definitions:

Government-delivered Services

Public services provided by government agencies to citizens, including education, healthcare, public safety, and infrastructure.

Equipment-delivered Services

Services that are provided through the use of specialized equipment, often requiring technical expertise, such as medical treatments or beauty therapies.

Nonprofit-delivered Services

Services provided by nonprofit organizations, often focusing on social causes, community support, or relief efforts without the aim of generating profits.

Fee-delivered Services

Services for which a specific charge is applied, typically provided professionally or commercially.