Multiple Choice
Accurate Numbers,Inc.,issued $100,000 of 10 year,12% bonds dated April 1,20A,for $102,360 on April 1,20A.The bonds pay interest on April 1 and October 1.Straight-line amortization is used by the company.What entry is needed at October 1 for the first interest payment?
A) Choice A
B) Choice B
C) Choice C
D) Choice D
Correct Answer:
Verified
Correct Answer:
Verified
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