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25.On the maturity date of bonds payable after interest has been paid, the issuing company will do which of the following? -Debit Cash and credit
25.On the maturity date of bonds payable after interest has been paid, the issuing company will do which of the following?
-Debit Cash and credit Bonds Payable for the carrying amount of the bonds.
-Record a loss of the market rate of interest on the maturity date exceeds the stated rate of interest.
-Pay bondholders the original amount the bondholders paid to purchase the bonds.
-Debit Bonds Payable and credit Cash for the par value of the bonds.
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