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O d.$1,500. QUESTION 25 On January 1 of the current year, Dahlia Corporation issued $800,000, 4%, 10-year bonds that pay interest semiannually. The bonds were
O d.$1,500. QUESTION 25 On January 1 of the current year, Dahlia Corporation issued $800,000, 4%, 10-year bonds that pay interest semiannually. The bonds were sold for $720,000. Dahlia uses the straight-line method to amortize discounts or premiums on bonds payable. The journal entry to record the interest and the amortization (if any) on the first semiannual interest period is: Oa. Interest expense 20,000 Cash 16,000 Discount on bonds payable 4,000 Ob.Interest expense 16,000 16,000 Cash 40,000 OC. Interest expense 32,000 Cash 8,000 bonds payable Discoun 16,000 O d. Interest expense Premium on bonds payable 4,000 20,000 Cash Click Save and Submit to save and submit. Click Save All Answers to save all answers
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