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  3. 1. the discount on bonds payable account is: a. a

1. The Discount on Bonds Payable Account is: A. A contra account to bonds...

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Accounting

1. The Discount on Bonds Payable Account is:
A. A contra account to bonds paybable
B. Is Expensed at Bonds Maturity
C. Is An Expense Account
D. Is a Miscellaneous Revenue Account
2. A bond with a face value of of $300,000 and a quoted proce of 96 has a selling price of?
3. Company X issued $500,000 in bonds payable at par value. The Journal Entry to record semiannual interest payment will look like what?
4. Company Y issued bonds $425,000, 6% 5 year bonds for 109 with interest paid annually. Assuming straight line ammortization, what is the carrying value after 1 year?

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