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QUESTION 2 Justice Ltd issue $500 000 of debentures on 1 January 2019. The interest...

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QUESTION 2 Justice Ltd issue $500 000 of debentures on 1 January 2019. The interest rate is 8% payable on 30 June and 31 December every year. Choose the correct entry to . record the interest transaction on 30 June 2019. O DR Debenture Interest Expense 20 000, CR Cash at Bank 20 000 DR Debenture Interest Expense 40 000, CR Cash at Bank 40 000 DR Cash at Bank 20 000, CR Debenture Interest Income 20 000 DR Cash at Bank 40 000, CR Debenture Interest Income 40 000

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