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A Company Issued 6%,10 Year Bonds with a Par Value

Question 46

Multiple Choice

A company issued 6%,10 year bonds with a par value of $500,000 on April 1.Interest is payable each Sept.30 and March 31.The journal entry to accrue interest expense as of December 31 is:


A)
A company issued 6%,10 year bonds with a par value of $500,000 on April 1.Interest is payable each Sept.30 and March 31.The journal entry to accrue interest expense as of December 31 is: A) B) C) D)
B)
A company issued 6%,10 year bonds with a par value of $500,000 on April 1.Interest is payable each Sept.30 and March 31.The journal entry to accrue interest expense as of December 31 is: A) B) C) D)
C)
A company issued 6%,10 year bonds with a par value of $500,000 on April 1.Interest is payable each Sept.30 and March 31.The journal entry to accrue interest expense as of December 31 is: A) B) C) D)
D)
A company issued 6%,10 year bonds with a par value of $500,000 on April 1.Interest is payable each Sept.30 and March 31.The journal entry to accrue interest expense as of December 31 is: A) B) C) D)

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