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The Journal Entry to Record Payment of the Bond Payable

Question 117

Multiple Choice

The journal entry to record payment of the bond payable at maturity will include a:


A) debit to cash and a credit to bonds payable.
B) debit to bonds payable and credit to cash.
C) debit to bonds payable, debit to discount on bonds payable and a credit to cash.
D) debit to bonds payable, credit to premium on bonds payable and a credit to cash.

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