The Adjusting Entry to Record the Amortization of a Discount

question 111

Multiple Choice

The adjusting entry to record the amortization of a discount on bonds payable is

• A) debit Discount on Bonds Payable, credit Interest Expense
• B) debit Interest Expense, credit Discount on Bonds Payable
• C) debit Interest Expense, credit Cash
• D) debit Bonds Payable, credit Interest Expense

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Definitions:

Bacteria

Microscopic single-celled organisms that can be found in various environments, some of which are beneficial, while others can cause diseases.

Inflammation

A biological response of body tissues to harmful stimuli, such as pathogens, damaged cells, or irritants, characterized by redness, heat, swelling, and pain.

Hemorrhage

is the escape of blood from a ruptured blood vessel, leading to bleeding internally or externally.

Hypothalamus

An area of the brain situated beneath the thalamus that regulates the autonomic nervous system and the function of the pituitary gland, overseeing body temperature, thirst, hunger, and various other systems that maintain internal balance.