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On September 30, 2011, Ace Electronics issued $100,000 of 10-year, 8% bonds at 100. The...

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Accounting

On September 30, 2011, Ace Electronics issued $100,000 of 10-year, 8% bonds at 100. The bonds pay interest semiannually on September 30 and March 31. Which of the following will appear on Ace's balance sheet at December 31, 2011? (A) Bonds payable $108,000 (B) Bonds payable $100,000 (C) Bonds payable $2,000 (D)Interest expense $2,000

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