The entry to record the discount amortization and interest accrual on December 31,2014,would include a
A)debit to Discount on Bonds Payable.
B)credit to Cash.
C)credit to Interest Payable.
D)debit to Bonds Payable.

Name: The entry to record the discount amortization and interest accrual on December 31,2014,would include a A)debit to Discount on Bonds Payable. B)credit to Cash. C)credit to Interest Payable. D)debit to Bonds Payable.
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Question

Quizplus · Accepted Answer

Interest accrual is recorded with a credit to Interest Payable.

The Entry to Record the Discount Amortization and Interest Accrual