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On January 1,2013,a Company Issued and Sold an $850,000,6%,five-Year Bond

Question 152

Multiple Choice

On January 1,2013,a company issued and sold an $850,000,6%,five-year bond payable and received proceeds of $825,000.Interest is payable each June 30 and December 31.The company uses the straight-line method to amortize the discount.The journal entry to record the first interest payment is:


A) On January 1,2013,a company issued and sold an $850,000,6%,five-year bond payable and received proceeds of $825,000.Interest is payable each June 30 and December 31.The company uses the straight-line method to amortize the discount.The journal entry to record the first interest payment is: A) B) C) D) E)
B) On January 1,2013,a company issued and sold an $850,000,6%,five-year bond payable and received proceeds of $825,000.Interest is payable each June 30 and December 31.The company uses the straight-line method to amortize the discount.The journal entry to record the first interest payment is: A) B) C) D) E)
C) On January 1,2013,a company issued and sold an $850,000,6%,five-year bond payable and received proceeds of $825,000.Interest is payable each June 30 and December 31.The company uses the straight-line method to amortize the discount.The journal entry to record the first interest payment is: A) B) C) D) E)
D) On January 1,2013,a company issued and sold an $850,000,6%,five-year bond payable and received proceeds of $825,000.Interest is payable each June 30 and December 31.The company uses the straight-line method to amortize the discount.The journal entry to record the first interest payment is: A) B) C) D) E)
E) On January 1,2013,a company issued and sold an $850,000,6%,five-year bond payable and received proceeds of $825,000.Interest is payable each June 30 and December 31.The company uses the straight-line method to amortize the discount.The journal entry to record the first interest payment is: A) B) C) D) E)

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