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Mlpgirl233
Mlpgirl233
30.11.2019 • 
Business

Abc corporation issued $100,000 of 10%, 5-year bonds on january 1, 2018, for $92,280. the market interest rate when the bonds were issued was 12%. interest is paid semi-annually on january 1 and july 1. using the effective-interest amortization method, the entry to record the interest payment on july 1, 2018 will include a (check all that apply.)
a) $536.80 credit to discount on bonds payable
b) $5,536.80 debit to interest expense
c) $536.80 debit to discount on bonds payable
d) $5,000.00 credit to cash
e) $5,000.00 debit to interest expense
f) $5,536.80 credit to cash

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