Question
When the market rate is 12% , a company issues $50,000 of 9%,10 -year bonds and pay interest semiannually. When the bonds mature, the issuer
When the market rate is
12%
, a company issues
$50,000
of
9%,10
-year bonds and pay interest semiannually. When the bonds mature, the issuer records its payment of principal with a debit to in the amount of\ Bonds payable;
$95,000
\ Cash;
$95,000
\ Bonds Payable;
$50,000
\ Cash;
$50,000
When the market rate is
12%
, a company issues
$50,000
of
9%,10
-year bonds and pay interest semiannually. When the bonds mature, the issuer records its payment of principal with a debit to in the amount of\ Bonds payable;
$95,000
\ Cash;
$95,000
\ Bonds Payable;
$50,000
\ Cash;
$50,000
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When the market rate is 12%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually. When the bonds mature, the issuer records its payment of principal with a debit to in the amount of. O Bonds payable; $95,000 O Cash; $95,000 O Bonds Payable; $50,000 O Cash; $50,000
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