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Author Question: $200,000 of 7%, 25-year bonds were sold for $170,000 on January 1. The bonds require semiannual ... (Read 66 times)

Bob-Dole

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on: Feb 18, 2020
$200,000 of 7%, 25-year bonds were sold for $170,000 on January 1. The bonds require semiannual interest payments on June 30 and December 31. The entry to record the June 30 interest payment on the bonds would be to:
◦ debit Interest Expense $7,600; credit Discount on bonds payable, $600; credit Cash, $7,000.
◦ debit Interest Expense $7,600; credit Cash, $7,600.
◦ debit Interest Expense $6,400; debit Discount on bonds payable, $600; credit Cash, $7,000.
◦ debit Interest Expense $7,000; credit Cash, $7,000.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by Bob-Dole on Feb 18, 2020

JaynaD87

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Bob-Dole

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Reply 2 on: Feb 18, 2020
:D TYSM

6ana001

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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