On January 1,2012,Davie Services Issued $20,000 of 8% Bonds That

question 103

Multiple Choice

On January 1,2012,Davie Services issued $20,000 of 8% bonds that mature in five years.They were sold at discount,for a total of $19,000.On January 1,2017,when the bonds mature,Davie Services will make the final principal payment.That entry will be which of the following?

• A) Debit Bond discount for $1,000 and credit Cash for $1,000.
• B) Debit Bonds payable for $19,000 and credit Cash for $1,000.
• C) Debit Bonds payable for $20,000 and credit Cash for $20,000.
• D) Debit Bonds payable for $19,000, debit Bond discount for $1,000 and credit Cash for $19,000.

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Definitions:

Alcohol Treatment Program

A structured plan involving counseling, support groups, and sometimes medication to help individuals overcome alcohol dependency.

Abstinent

The act of refraining voluntarily from an addictive behavior or substance, typically in the context of substance abuse recovery.

Alcohol Detoxification

The process of removing toxic substances, specifically ethanol, from the body, often under medical supervision, to manage withdrawal symptoms from alcohol dependency.

Rationalization

A defense mechanism where controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.