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Gareon Conley Company issued $3,000,000 of 10-year, 6% annual interest, bonds payable on March 1, 2018. The bonds are dated J

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Answer #1

Answer: D) a Debit to Bond Interest Expenses for $60,000

BOnd interest Expenses = 3000,000*6%*4/12 =60,000 (for Four months only )

REcord the Bond interest Expenses

Debit Credit
Bond interest Expenses $60,000
Cash $60,000
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