restoran SOCSO ACOT 350 09 & 10 Help Save & Exit TB MC Qu. 10-117 On January 1, a company issued... On January la company issued and sold a $394000 9 10 year bond payable and received proceeds of $389.000. Interest is payable each June 30 and December 31. The company uses the straight ne method to amortize the discount. The journal entry to record the first interest payment is: Choice 0 Debt Bond e $17,400, debit Discount on Bons Payable $250 credit Cash $17730 0 De onderstens $12730 count ononds Payable $250 credit Cash $17.980 0 Det andet ene 2230 credit Cash $12730 0 De Banderest Expense 57980. Ch.730 Discount on Bonds Payable $250 0 Debit Benderest Expense $35.46 Credit Cash $35.460. Prev 1 of 29 Next > 8 9 0