TEST NAME: PWBC.2 71 A company issues $100,000 of 8%, five-year bonds when the b
ID: 2540267 • Letter: T
Question
TEST NAME: PWBC.2 71 A company issues $100,000 of 8%, five-year bonds when the bonds are sold in the market, the interest rate is 10%. Which journial entry correctly records the first interest payment? . um. e. 1 a ana _2195 201, 2100 25 Debit interest expense $924183 credit discount on notes payable $1.241.83; credit cash $8,00000 Debit interest expense $9263.55;credit discount on notes payable $126355·credit cashS8,000 00 Dobit interest expense $8.000.00 credit cash $8.000.00 Debit interest expense $9,236.52: credit discount on notes payable $1,236.52 creditcash $8.000.00 428 BOOKMARK CLEAR E0704 0 840 061310.502 0572|0552|0534 0.516 049 0547 0513| A82 0452 0 42, ame: 0376 | e354 | 0333 | 03-529 a 666 0823 a 5a3 923 0T1 0 340 029929 232 D.2t5 0 183 16014 0 202196 9170 0 140 125 10 0 es Quastion navigation 80V80 A FONTExplanation / Answer
Account Title Debit Credit Interest Expense $8,000 To Cash ($100,000 x 8%) $8,000
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.