mulattogirl101
contestada

when a bond issued at face value is retired what is the journal entry
A. Debit bond interest expense; credit cash
B. Debit bonds payable; credit cash
C. Debit cash; credit bonds payable
D. Debit cash; credit bond interest expense

Respuesta :

credit the "bond payable" liability account for the total face value of the bonds and debit cash for the same amount.


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