Quiz Ch 09 – Journal Entry for Payment of Bond Interest with Discount on Bonds Payable

Financial Accounting

Thomas, Tietz, and Harrison

12th Edition

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What accounts are debited and credited in the journal entry for payment of bond interest when bonds are issued at a discount and the effective-interest method is used?

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  • Search Terms: a and at been bond bonds cash. b) credit debit discount effective-interest entry expense. expense. d) for have if include: a) interest is issued journal method of on payable. c) payment the to used, would
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