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Tulilo Corp issues $250,000,10%,15-year bonds. The current market rate is 10%. The journal...

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Accounting

Tulilo Corp issues $250,000,10%,15-year bonds. The current market rate is 10%. The journal entry to record the semiannual interest payment, assuming the effective interest method is used, is
Multiple Choice
\table[[Bond Interest expense,12,500,],[Bond Payable,,12,500]]
\table[[Bond Interest Expense,25,000,],[Cash,,25,000]]
\table[[Bond Interest Expense,25,000,],[Bond Payable,,25,000]]
\table[[Bond Interest Expense,13,750,],[Bond Payable,,13,750]]
\table[[Bond Interest Expense,12,500,],[Cash,,12,500]]
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