A Corporation Issues Bonds That Pay Interest Each February 1

question 146

Multiple Choice

A corporation issues bonds that pay interest each February 1 and August 1.The corporation's December 31 adjusting entry might include a

• A)debit to Unamortized Bond Premium.
• B)debit to Cash.
• C)debit to Bond Interest Payable.
• D)credit to Bond Interest Income.

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