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Bloom, Inc. issued 200, 10-year, 6%, $1,000 bonds dated January 1, 2019, at face value. The interest is payable annually on January 1st. What
Bloom, Inc. issued 200, 10-year, 6%, $1,000 bonds dated January 1, 2019, at face value. The interest is payable annually on January 1st. What is the adjusting entry to record the accrued interest on December 31, 2019? Select one: a. Dr. Interest Expense $6,000. Cr. Interest Payable $6,000 O b. Dr. Interest Payable $6,000. Cr. Interest Expense $6,000 c. Dr. Interest Payable $12,000. Cr. Interest Expense $12,000 O d. Dr. Interest Expense $12,000. Cr. Interest Payable $12,000 Bloom, Inc. issued 200, 10-year, 6%, $1,000 bonds dated January 1, 2019, at face value. The interest is payable annually on January 1st. Where are the bonds reported on Bloom's balance sheet as of January 31st, 2019? Select one: O a. Long-term liability O b. Long-term asset O c. Current liability O d. Current asset
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