Question
Vasquez issued a$400,000 facevalue, 8%,20-year bond at 95. Which of the following is the correct journal entry to record the retirement of the bond atmaturity?
Vasquez issued a$400,000 facevalue, 8%,20-year bond at 95. Which of the following is the correct journal entry to record the retirement of the bond atmaturity?
A.| Cash | 380,000 | ||
| Bonds Payable | 380,000 |
| Cash | 400,000 | ||
| Bonds Payable | 400,000 |
| Bonds Payable | 400,000 | ||
| Cash | 400,000 |
| Bonds Payable | 380,000 | ||
| Cash | 380,000 |
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Payroll Accounting 2018
Authors: Bernard J. Bieg, Judith Toland
28th edition
1337291056, 978-1337291057, 1337291137, 9781337291132, 9781337516686 , 978-1337291040
