Using the facts in the preceding question, McPartlins journal entry to record the interest expense on July

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Using the facts in the preceding question, McPartlin’s journal entry to record the interest expense on July 1, 20X0 will include a

a. debit to Bonds Payable.

c. credit to Interest Expense.

b. credit to Discount on Bonds Payable.

d. debit to Premium on Bonds Payable.

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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