Discount on Bonds Video Lessons

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Problem: Bonds with a par value of $500,000 are sold at discount for $481,000. Other than the Cash account, what other account is debited. A) Premium on Bonds Payable B) Discount on Bonds Payable C) Bonds Payable D) Interest Expense

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Problem Details

Bonds with a par value of $500,000 are sold at discount for $481,000. Other than the Cash account, what other account is debited.

A) Premium on Bonds Payable

B) Discount on Bonds Payable

C) Bonds Payable

D) Interest Expense

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