On January 1, 2025, Sanja Accounting Services issued $70,000 of 5% bonds that mature in...
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Accounting
On January 1, 2025, Sanja Accounting Services issued $70,000 of 5% bonds that mature in five years. They were issued at 107. The bonds pay semiannual interest payments on June 30 and December 31 of each year using the straight-line amortization method. What is the journal entry for the interest payment made on June 30, 20257 1.750 O A. Interest Expert Cash 1,750 1,750 OB. Cash Interest Expense 1.750 1.200 490 OC. Irrest Expense Premium on Bonds Payable Cash 1,750
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