The Journal Entry to Record the Sale of a Bond

question 162

Multiple Choice

The journal entry to record the sale of a bond at a discount will include a:

• A)debit to the discount on bonds payable account.
• B)credit to the discount on bonds payable account.
• C)debit to bonds payable.
• D)credit to cash.

---

Definitions:

Free-Rider Problem

A situation where individuals or entities consume a good or service without contributing to its cost, leading to underproduction or depletion of the good.

National Campaign

A coordinated effort to promote or achieve a particular goal on a nationwide scale.

September 11th Memorial

A tribute to honor the victims and responders of the September 11, 2001 terrorist attacks in the United States.

Optimal Level

The most favorable point, degree, or amount of a particular variable where the desired outcome is achieved.