The Journal Entry to Record a Semiannual Interest Payment on a Bond

question 110

Multiple Choice

The journal entry to record a semiannual interest payment on a bond payable:

• A)debits interest expense and credits cash.
• B)debits interest expense and credits bonds payable.
• C)decreases both assets and stockholders' equity.
• D)does both A and C

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Definitions:

Poor Solubility

Describes a substance's low capability to dissolve in a solvent, typically referring to solids in liquids.

Quartz

A hard, crystalline mineral composed of silicon and oxygen atoms, common in the Earth's crust and used in various applications due to its durability and piezoelectric properties.

Weathering

The breakdown of rocks, soils, and minerals through contact with the Earth's atmosphere, water, and biological organisms, leading to the formation of sediment.

Clasts

Elements of a sedimentary rock that are made up of broken pieces or fragments of pre-existing rocks.