Which of the following is the entry to amortize a discount on bonds? a. Debit Discount on

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Which of the following is the entry to amortize a discount on bonds?

a. Debit Discount on Bonds Payable;

credit Interest Expense; credit Cash

b. Debit Bonds Payable; credit Discount on Bonds Payable; credit Cash

c. Debit Interest Expense; credit Discount on Bonds Payable; credit Cash

d. Debit Premium on Bonds Payable; credit Interest Expense; credit Cash AppendixLO1

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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