Q9-68. The journal entry on the maturity date to record the payment of $600,000 of bonds payable

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Q9-68. The journal entry on the maturity date to record the payment of $600,000 of bonds payable that were issued at a $60,000 discount includes

a. a debit to Discount on Bonds Payable for $60,000.

b. a credit to Cash for $660,000.

c. a debit to Bonds Payable for $600,000.

d. all of the above.

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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