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A $ 6 0 0 , 0 0 0 bond with a 1 0 - year term was issued on May 1 , 2 0

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A $600,000 bond with a 10-year term was issued on May 1,2025. The bond pays 7% annual interest every May 1 st. The company made an adjusting entry to accrue interest at its Dec. 31 year-end. What journal entry would be made on May 1,2026?
A)
\table[[Interest,28,000],[Payable,],[Interest,14,000],[\table[[Expense],[Cash]],42,000]]
B)
\table[[Interest,24,500],[Payable,],[Interest,17,500],[Expense,],[, Cash,42,000]]
C)
\table[[Interest,42,000],[Expense,42,000]]
D)
Interest
Payable
42,000
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