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Yaz Inc. retired and repaid $500,000 face value, 8% bonds payable on June 30, 2018, at 100 (face value). The unamortized discount on the bonds
Yaz Inc. retired and repaid $500,000 face value, 8% bonds payable on June 30, 2018, at 100 (face value). The unamortized discount on the bonds payable at that date was $10,000. The interest payment due on 6/30/2018, has been made and recorded. The journal entry for the retirement of the bonds payable includes a:
Group of answer choices
A- Debit to Bonds Payable of $500,000
B- Credit to Bonds Payable of $490,000
C- Credit to Bonds Payable of $500,000
D- Debit to Bonds Payable of $490,000
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