Multiple Choice
A $430,000 issue of bonds that sold for $403,000 matures on August 1, 2020. The journal entry to record the payment of the bond on the maturity date is to:
A) debit Cash, $430,000; credit Bonds payable, $430,000.
B) debit Bonds payable, $430,000; credit Cash, $430,000.
C) debit Cash, $403,000; credit Bonds payable, $403,000.
D) debit Bonds payable, $403,000; credit Cash, $403,000.
Correct Answer:
Verified
Correct Answer:
Verified
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