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  3. the footnote to a company's financial statements r

The footnote to a company's financial statements reported the following data on December 31, 2018:...

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Accounting

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The footnote to a company's financial statements reported the following data on December 31, 2018: FOOT NOTED - Long Term Debt 6% bonds payable, due 12/31/2022, with unamortized premium of $50,798.......$750,798 (The bonds were issued on 1/1/18, and pay interest annually. The market rate when issued was 4%) The journal entry to record the interest payment on December 31, 2019 would include a: A. credit to interest expense for $30,032 B. credit to cash for $28,000 C. credit to premium on bonds payable for $11,968 D. credit to cash for $42,000 E. both A&D

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