question archive On March 1, Brook Corp
On March 1, Brook Corp
Subject:BusinessPrice: Bought3
On March 1, Brook Corp. issues a 3 year, 5%, $40,000 bond at face value. Interest is paid semi-annually. The entry to record the first interest payment will include a A) debit to Interest Expense of $1,000 B) debit to Cash of $1,000 C) credit to Interest Expense of $2,000 D) debit to Bonds Payable of $2,000 Question 15 (1 point) On January 1st, 2021, Door Watch Company issued a $1,000 face value bond at 98. The journal entry to record the issuance includes A) Debit to bond discount for 2 B) Debit to bond discount for 98 C) Debit to bond premium for 98 D) Debit to bond discount for 20
