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Mayberry, Inc

Question 9

Multiple Choice

Mayberry, Inc., issued $100,000 of 10 year, 12% bonds dated April 1, 2013, for $102,360 on April 1, 2013. The bonds pay interest annually on April 1. Straight-line amortization is used by the company. What entry is required at April 1, 2014 for the first interest payment? Mayberry, Inc., issued $100,000 of 10 year, 12% bonds dated April 1, 2013, for $102,360 on April 1, 2013. The bonds pay interest annually on April 1. Straight-line amortization is used by the company. What entry is required at April 1, 2014 for the first interest payment? A) Option A B) Option B C) Option C D) Option D


A) Option A
B) Option B
C) Option C
D) Option D

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