Homework Answers
Correct Entry will be b. Debit Interest Expense : $14375, Debit Premium on Bond PAyable : $625, Credit Cash, $15000
Working for refrence
Interest payment ( Cash): ( 300000*10%*6/12)= $15000
Premium on Bond Payable : (325000-300000)/40= $625
Interet Expense= 15000-625= $14375
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This Test: 74 pts possible 33 of 37 (31 complete) This Question: 2 pts Question Help...
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Help on step 2 B
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Help on question 2B
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Help on step 2 B
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Help on question 2B
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