mulattogirl101 mulattogirl101

14-02-2017
Business

Answered

when a bond issued at face value is retired what is the journal entry

ADebit bond interest expense; credit cash
BDebit bonds payable; credit cash
CDebit cash; credit bonds payable
DDebit cash; credit bond interest expense

Verified Answer :

Anonymous Anonymous

26-02-2017

credit the "bond payable" liability account for the total face value of the bonds and debit cash for the same amount.

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