What is the effect of the amortization of Discount on Bonds Payable on Interest Expense...
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Accounting
What is the effect of the amortization of Discount on Bonds Payable on Interest Expense and the Discount on Bonds Payable account, respectively? Select one: a. Increase, Increase b. Decrease, Decrease c. Increase, Decrease d. Decrease, Increase The Saturn Company records all collections from customers (including 5% sales tax) in the Sales Revenue account. The account balance for 2025 is $105,000. Saturn's 12/31/25 Sales Tax Payable will be Select one: a. $5,328 b. $5,000 c. $4,762 d. $5,263
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