Prescher Corporation issued bonds that pay interest every July 1 and January 1. The entry to accrue

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Prescher Corporation issued bonds that pay interest every July 1 and January 1. The entry to accrue bond interest at December 31 includes a:

(a) debit to Interest Payable.

(b) credit to Cash.

(c) credit to Interest Expense.

(d) credit to Interest Payable.

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Accounting Tools For Business Decision Making

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Authors: Kimmel, Wetlands, Kieso

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Prescher Corporation issued bonds that pay interest every July 1 and January 1. The entry to accrue

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