Moving to another question will save this response. uestion 2 The amortization of a discount on bonds payable O A. decreases the balance of the bonds payable account. B. decreases the amount of interest expense reported. C. increases the carrying amount of the bond OD. increases the cash payment to bondholders. Moving to another question will save this response. DLL F5 F6 FZ F8 F9 g F10 a F11 % 1 * 5 0 & 6 7 7 Y 8 A 9 T Y Y u Moving to another question will save this response. Question 1 of 4 Question 1 1.25 points Save Answer On April 30, 2006, Company issued 8% bonds with a par value of $900,000 due in 20 years. They were issued at 82.8 to yield 10% and were callable at 103 at any date after April 30, 2014. Because of lower interest rates and a significant change in the company's credit rating, it was decided to call the entries issue on April 30, 2015 and to issue new bonds. On April 30, 2015 the unamortized discount of the old bonds is $108,470. New 8% bonds were sold in the amount of $1,200,000 at 108 to yield 5%; they mature in 20 years. Interest payment dates are October 31 and April 30 for both and new bonds. The journal entry to record the retirement of the old bonds on April 30, 2015 would include which of the following? A. Debit Bonds Payable $791,530 O B. Debit Loss on Extinguishment of Bonds $136.470 O C. Credit Cash $900.000 O D. Credit Bonds Payable $927.000 Question 1 of 4 > >> A Moving to another question will save this response, TDIE HE