Multiple Choice
The adjusting entry to record the amortization of a discount on bonds payable is
A) debit Discount on Bonds Payable, credit Interest Expense
B) debit Interest Expense, credit Discount on Bonds Payable
C) debit Interest Expense, credit Cash
D) debit Bonds Payable, credit Interest Expense
Correct Answer:
Verified
Correct Answer:
Verified
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