Which of the Following Statements Is Not True

Multiple Choice

Which of the following statements is not true?

A) Bonds and promissory notes are two ways a company can borrow the funds necessary to finance its activities.
B) Both bonds payable and notes payable are typically initially recorded with a journal entry that debits cash and credits the relevant liability account.
C) The journal entry recording interest owed on bonds and notes includes a debit to interest expense and a credit to interest payable.
D) Bonds payable and notes payable are always non-current liability accounts.