The Journal Entry to Record the Payment of Semiannual Interest

question 83

Multiple Choice

The journal entry to record the payment of semiannual interest on 9%, $90,000 bonds issued at par would be to:

• A) debit Bond Interest Expense $4,050; credit Cash $4,050.
• B) debit Bond Interest Expense $8,100; credit Cash $8,100.
• C) debit Cash $2,025; credit Bond Interest Expense $2,025.
• D) debit Bond Interest Expense $2,025; credit Cash $2,025.

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Definitions:

Patriarchic Religion

A religious system or society in which men hold the primary power and predominate in roles of leadership, moral authority, social privilege, and control of property.

Wicca

Wicca is a modern pagan religion that draws upon a diverse set of ancient pagan and 20th-century hermetic motifs for its theological structure and ritual practices.

Polytheism

A religious belief system that worships multiple deities.

Goddesses

Female deities worshipped in various religions and mythologies, often associated with fertility, nature, and the protection of their followers.