Solved

Casey Issued Bonds for $20,000 at 8% on June 1

Question 119

Multiple Choice

Casey issued bonds for $20,000 at 8% on June 1.What is the adjusting on December 31?


A)  Bond Interest Expense 800 Bond Interest Payable 800\begin{array} { | c | c | } \hline \text { Bond Interest Expense } & 800 \\\hline \text { Bond Interest Payable } &\quad\quad\quad\quad 800 \\\hline\end{array}
B)  Bond Interest Expense 933 Bond Interest Payable 933\begin{array} { | c | c | } \hline \text { Bond Interest Expense } & 933 \\\hline \text { Bond Interest Payable } & \quad\quad\quad\quad933 \\\hline\end{array}
C)  Bond Interest Expense 667 Bond Interest Expense 667\begin{array} { | c | c | } \hline \text { Bond Interest Expense } & 667 \\\hline \text { Bond Interest Expense } & \quad\quad\quad\quad667 \\\hline\end{array}
D)  Bond Interest Payable 600 Bond Interest Expense 600\begin{array} { | c | c | } \hline \text { Bond Interest Payable } & 600 \\\hline \text { Bond Interest Expense } &\quad\quad\quad\quad 600 \\\hline\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents