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Using the interest method, the journal entry to record the first interest payment and the related amortization for bonds issued at a discount includes a __________ to __________.

debit; Discount on Bonds Payable
credit; Discount on Bonds Payable
credit; Interest Expense
debit; Cash

User Tobino
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1 Answer

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B. Credit; Discount on Bonds Payable
User Raduw
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