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:

Subordinates

Individuals who are lower in rank or position in an organization and report to a superior or supervisor.

B.F. Skinner

A renowned psychologist who was a leading proponent of behaviorism, emphasizing the importance of reinforcement in shaping behavior.

Living Organism

A living organism is an individual entity that exhibits the characteristics of life, such as growth, reproduction, responsiveness to stimuli, and metabolism, encompassing entities from single-celled bacteria to complex multicellular humans.

Reinforcer

In psychology, a stimulus that increases the likelihood of a particular behavior being repeated.