A Bond Was Issued at a Discount

question 59

Multiple Choice

A bond was issued at a discount. The journal entry to record the semiannual interest payment would include:

• A)a debit to interest expense, a debit to discount on bonds payable and a credit to cash.
• B)a debit to interest expense, a credit to discount on bonds payable and a credit to cash.
• C)a debit to interest expense, a debit to cash and a credit to discount on bonds payable.
• D)a debit to discount on bonds payable and a credit to cash.

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Definitions:

Digitally Constructed

Refers to objects or environments created using digital technology, often in 3D modeling or virtual reality contexts.

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Affective Computing

A field of study and development focused on creating systems and devices that can recognize, interpret, process, and simulate human emotions.

Ethical Principles

Fundamental guidelines that dictate behavior and actions within a society or profession, promoting integrity and fairness.