Multiple Choice
On October 31, 2011, Isaiah Industries recorded its semi-annual bond interest expense, which contained a credit to discount on bonds payable of $1,200. The adjusting entry on December 31, 2011 will show a credit to discount on bonds payable of:
A) $1,200.
B) $800.
C) $600.
D) $400.
E) $200.
Correct Answer:
Verified
Correct Answer:
Verified
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