Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. at any bond interest payment date regarding bonds

At any bond interest payment date regarding bonds that have been issued at a premium,...

90.2K

Verified Solution

Question

Accounting

At any bond interest payment date regarding bonds that have been issued at a premium, the journal entry would include:
  • A. Debit Bond interest expense, Credit Cash
  • B. Debit Bond interest expense, Credit Discount on bonds payable, Credit Cash
  • C. Debit Bond interest expense, Debit Premium on bonds payable, Credit Cash
  • D. Debit Bond interest expense, Credit Premium on bonds payable, Credit Cash

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Mechanical Engineering
1.2K views

What are designs/devices being used today for finger joint replacements (MCP) *include about 3 or more...

Statistics
1.2K views

I NEED TO: Write a 100-word paragraph (in your own words) stating whether the study below...

Physics
1.2K views

The work output and heat input involved by a system in process A are 20...

Calculus
1.2K views

The financial office at a large university claims that the average cost of textbooks per...

Accounting
1.2K views

The following information pertains to Bishop Concrete: Sales revenue $2,500,000...

Accounting
1.2K views

Powder Company spent $240,000 to acquire all of Sawmill Corporation's stock on January 1,202. The...

Accounting
1.2K views

Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication...

Accounting
1.2K views

Venkat is age 32, single, and reported AGI of $67,000 in tax year 2017. He...

Accounting
1.2K views

How Would You Explain The Testability, Precision, And Confidence As Hallmarks Of Business Research Related...

Accounting
1.2K views

Question: Neptune Transport Company makes per carriers, the Cat-allac. It is made of plastic with...

Accounting
1.2K views

During the year, Tim has the following sales transactions: Long term capital gains ...

Accounting
1.2K views

Westan Corporation uses a predetermined overhead rate of $23.40 per direct labor-hour. This predetermined rate...