Multiple Choice
1.1.method of amortization, the entry to retire the bonds on the maturity date would include a:
A) debit to Premium on Bonds Payable for $20,000.
B) debit to Bonds Payable for $780,000.
C) credit to Discount on Bonds Payable for $20,000.
D) credit to Cash for $800,000.
Correct Answer:
Verified
Correct Answer:
Verified
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