Business, 06.06.2020 13:58 nikki225

On January 1, Hurley Corporation issues $500,000, 5-year, 12% bonds at 96 with interest payable on January 1. The entry on January 1 to record payment of bond interest assuming amortization of bond discount used the straight-line method will include a:.a. credit to Discount on Bonds Payable $4,000. b. credit to Cash $60,000. c. debit to Interest Expense $60,000. d. debit to Interest Expense $30,000.

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On January 1, Hurley Corporation issues $500,000, 5-year, 12% bonds at 96 with interest payable on J...

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