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K Darla's Cookie Emporium borrowed money by issuing $200,000 of bonds at 96 on January 1, 2019. The bonds pay interest on January 1 and
K Darla's Cookie Emporium borrowed money by issuing $200,000 of bonds at 96 on January 1, 2019. The bonds pay interest on January 1 and July 1. The stated rate of interest is 5% and the bonds mature in 10 years. Any discount or premium is amortized using the straight-line method. What is the journal entry for December 31, 2019, the fiscal year end. OA. Debit Interest Expense $9,200, debit Discount on Bonds Payable $800, credit Cash $10,000, OB. Debit Interest Expense $5,400, credit Discount on Bonds Payable $400, credit Interest Payable $5,000. OC. Debit Interest Expense $4,600, debit Discount on Bonds Payable $400, credit Interest Payable $5,000 OD. Debit Interest Expense $10,800, credit Discount on Bonds Payable $800, credit Interest Payable $10,000. Insert appropriate prompt, input type, and other instructions here. Time Remaining: 00:43:18 Next
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