If a bond is sold at a discount,the bonds payable account is debited to amortize the discount as interest revenue is recorded.

Name: If a bond is sold at a discount,the bonds payable account is debited to amortize the discount as interest revenue is recorded.
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When a bond is sold at a discount, the discount is amortized over the life of the bond by crediting the discount on bonds payable account and debiting interest expense, not interest revenue.

If a Bond Is Sold at a Discount,the Bonds Payable