11method of Amortization, the Entry to Retire the Bonds on the Maturity

question 2

Multiple Choice

1.1.method of amortization, the entry to retire the bonds on the maturity date would include a:

• A)debit to Premium on Bonds Payable for $20,000.
• B)debit to Bonds Payable for $780,000.
• C)credit to Discount on Bonds Payable for $20,000.
• D)credit to Cash for $800,000.

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