The Journal Entry a Company Records for the Interest Payment

question 126

Multiple Choice

The journal entry a company records for the interest payment 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:

Cultural Practices

The habitual activities and norms that define a culture, including religious rituals, marriage ceremonies, and dietary habits.

Everyday Interactions

The mundane, routine social exchanges and activities that occur in daily life.

C. Wright Mills

An American sociologist known for his work on power and class structure in America, most notably his theories presented in "The Power Elite."

Public Intellectual

An intellectual who communicates ideas and analyses about society to the public.