The Entry Made by Webster Company to Record Issuance of the Bonds

question 136

Multiple Choice

The entry made by Webster Company to record issuance of the bonds payable at December 31, 2011, includes:

• A) A debit to Cash of $1,000,000.
• B) A debit to Discount on Bonds Payable of $30,000.
• C) A credit to Bonds Payable of $970,000.
• D) A credit to Bond Interest Payable of $30,000.

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Definitions:

Lapse

A temporary failure or slip in judgment, returning to a previous behavior or habit, commonly used in the context of attempting to quit an addictive behavior.

Relapse

A return to drug or alcohol use after an attempt to stop, often seen in the context of addiction recovery.

Behavioral Goals

Specific, observable, and measurable objectives set to change or improve an individual's behavior.

Relapse Prevention

A strategy in addiction treatment and mental health that involves identifying and managing high-risk situations and triggers to prevent a return to unhealthy behaviors.