Which of the following is true when the issue date of a bond is between interest dates?

a.The journal entry at the issue date generally includes a credit to interest expense.

b.On the next interest payment date, the company pays bondholders the exact number of months of interest due to each bondholder.

c.The company will normally collect from the investor the selling price less the interest accrued on the bonds from the interest payment date prior to the date of sale.

d.The journal entry at the issue date generally includes a debit to interest payable.