A company would record an entry with a debit to Bonds Payable and a credit to Cash on a bond's:
A)issuance date.
B)stated date.
C)market date.
D)maturity date.

Name: A company would record an entry with a debit to Bonds Payable and a credit to Cash on a bond's: A)issuance date. B)stated date. C)market date. D)maturity date.
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Question

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An entry with a debit to Bonds Payable (which decreases that liability account)and a credit to Cash (which decreases that asset account)would be recorded on a bond's maturity date.

A Company Would Record an Entry with a Debit to Bonds