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Jaber Company had a bond issue for $100,000, 9%, ten-year bonds dated January 1, 2018. The bonds were issued on March 1, 2018 at 102
Jaber Company had a bond issue for $100,000, 9%, ten-year bonds dated January 1, 2018. The bonds were issued on March 1, 2018 at 102 plus accrued interest. Jaber amortizes premiums and discounts using the straight-line method. The entry to record the bond issue would includea.debit to Interest Expense for $1,500.b.debit to B/P for $100,000.c.credit to B/P for $102,000.d.credit to Interest payable for $1,500
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