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2.8571 points Your company issues 50,000 of one-year, 10% bonds at face value. The journal entry to record this transaction will include a debit to

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2.8571 points Your company issues 50,000 of one-year, 10% bonds at face value. The journal entry to record this transaction will include a debit to Cash and a credit to Bonds Payable for 550,000. Cash for $55.000, a credit to Bonds Payable for $50.000, and a credit to interest Payable for 55.000 Cash and a credit to Bonds Payable for $55.000 Cash for $50,000, a debit to interest Expense for 55.000, and a credit to Bonds Payable for 555.000 28571 points QUESTION 4 Travis County Bank agrees to lend Brickyard Corporation $200.000 on January 1. Brickyard signs a $200,000, 44, 9-month note. Interestis due at maturity on September 30. The company's fiscal year ends June 30 and adjusting entries are recorded at that time only. Use the information above to answer the following question. What adjusting entry should Brickyard make on June 30 before preparing its annual financial statements? Debit interest Expense and credit Interest Payable for $4.000 Debit Cash and credit interest Payable for $4,000 Debit Cash and credit Interest Expense for 54,000 Debit interest Payable and credit Interest Expense for $4,000

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