The Journal Entry a Company Records for the Payment of Interest

question 87

Multiple Choice

The journal entry a company records for the payment of interest, interest expense, and amortization of bond discount is

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

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Definitions:

Behavior Therapy

Behavior Therapy is an approach to psychotherapy that focuses on modifying dysfunctional behaviors through conditioning and other learning techniques.

Hawthorne Effect

The alteration of an individual's behavior due to their awareness of being observed, significant in research and experimental settings.

Self-esteem

An individual's subjective evaluation of their own worth or value.

Therapeutic Relationship

The professional and collaborative bond between a therapist and a client, which is crucial for effective therapy and positive outcomes.