The journal entry to record a semiannual interest payment on a bond payable:
A)debits interest expense and credits cash.
B)debits interest expense and credits bonds payable.
C)decreases both assets and stockholders' equity.
D)does both A and C

Question

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The Answer of The journal entry to record a semiannual interest payment on a bond payable:
A)debits interest expense and credits cash.
B)debits interest expense and credits bonds payable.
C)decreases both assets and stockholders' equity.
D)does both A and C

The Journal Entry to Record a Semiannual Interest Payment on a Bond