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Myrtle Company sells $100,50 of 15%, 15-year bonds for 90 on April 1...

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Accounting

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Myrtle Company sells $100,50 of 15%, 15-year bonds for 90 on April 1 2017. The market ate of interest on that day is 15 % Interest is paid each year on April 1 T e entry to eco d the sale of the bonds on Ap 1 would be which of the follow g? OA. Cash 90,450 Discount on Bonds Payable Bonds Payable 10,050 100,500 O B. Cash 100,500 Discount on Bonds Payable Bonds Payable 10,050 90,450 C. Cash 90,450 Bonds Payable 90,450 OD. Cash 100,500 Bonds Payable 100,500

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