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8 1 pts The 5,000, $1,000 face value bonds issued by Cage Company on March 1, 20X1 pay interest at a 9% annual rate semiannually
8 1 pts The 5,000, $1,000 face value bonds issued by Cage Company on March 1, 20X1 pay interest at a 9% annual rate semiannually on April 1 and October 1. Which of the following is part of the journal entry to record the interest payment on April 1, 20X1? A CREDIT to Cash for $225,000 OA DEBIT to Interest Expense for $225,000 A CREDIT to Cash for $37,500 A DEBIT to Interest Expense for $450,000 A CREDIT to Bonds Payable for $450,000 A CREDIT to Bonds Payable for $37,500
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