On January 1, ABC, Inc., issued $100,000 of 10%,5-year bonds, for $92,280. Interest is due...

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Accounting

On January 1, ABC, Inc., issued $100,000 of 10%,5-year bonds, for $92,280. Interest is due semiannually. When ABC records the first interest payment, which will be greater the debit to Interest Expense or the credit to Cash?

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