The payment of quarterly interest on 12%,$60,000 bonds would be to:
A) debit Cash $3,600; credit Bond Interest Expense $3,600.
B) debit Bond Interest Expense $7,200; credit Cash $7,200.
C) debit Cash $1,800; credit Bond Interest Expense $1,800.
D) debit Bond Interest Expense $1,800; credit Cash $1,800.
Correct Answer:
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