On October 1, Indiana Company issued $10,000, 8%, five-year bonds at 98...

Apr 2nd, 2015
Business Finance
Price: $15 USD

Question description

On October 1, Indiana Company issued $10,000, 8%, five-year bonds at 98. What is the adjusting entry on December 31 using straight-line method? A.  Bond Interest Expense 800
Bond Interest Payable 800
B.  Bond Interest Expense 200
Bond Interest Payable 200
C.  Bond Interest Expense 190
Discount on Bonds Payable  10
Bond Interest Payable 200
D.  Bond Interest Expense 210
Discount on Bonds Payable 10
Bond Interest Payable200

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