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please help, thank you 49 On January 1, a company issued and sold a $403,200,9%, 10-year bond payable and received proceeds of $398,000 Interest is
please help, thank you
49 On January 1, a company issued and sold a $403,200,9%, 10-year bond payable and received proceeds of $398,000 Interest is payable each June 30 and December 31 The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is: Multiple Choice Debit Bond interest Expense $18.544 Credit Cash $18.44 Debit Bond Interest Expense $36,288; Credit Cash 536288 Debit Bond Interest Expense $17,884: debit Discount on Bonds Payable 5250: credit Cash $18,144 Debit Bond Interest Expense S18,144 debt Discount on Bonds Payable 5260 credit Cash $18.404 Murple Croce Debit Bond Interest Expense $18,144, credit Cash $18,144. O Debit Bond Interest Expense $36,288; credit Cash $36,288. O Debit Bond Interest Expense $17.884; debit Discount on Bonds Payable $260, credit Cash $18,144 Debit Bond Interest Expense $18.144, debit Discount on Bonds Payable $260. credit Cash $18.404 Debit Bond Interest Expense $18.404 credit Cash $18,144. credit Discount on Bonds Payable $260Step by Step Solution
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