On January 1, 2013, Diab Services issued $140,000 of 4-year bonds with a stated rate of 9%. The market rate at time of issue was 8%, so the bonds were issued with a premium and sold for $144,758. Diab uses the effective-interest method to amortize bond premium. Semiannual interest payments are made on June 30 and December 31 of each year. Which of the following is the correct journal entry to record the first interest payment?
A)
B)
C)
D)
Definitions:
Outermost Layer
The surface layer or the most external layer of an object or structure, such as the epidermis on the human body or the outer layer of a planet.
Eye
The organ of vision that detects light and sends signals through the optic nerve to the brain.
Brain
The central organ of the nervous system, located in the skull, responsible for controlling most functions of the body and mind.
Taste Sensations
The perception of taste categorized mainly into five basic tastes: sweetness, sourness, saltiness, bitterness, and umami.
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