A $280,000 issue of bonds that sold for $275,000 matures on June 25, 2025. The journal entry to record the payment of the bond on the maturity date is to:
A) debit Cash, $280,000; credit Bonds payable, $280,000.
B) debit Bonds payable, $280,000; credit Cash, $280,000.
C) debit Cash, $275,000; credit Bonds payable, $275,000.
D) debit Bonds payable, $275,000; credit Cash, $275,000.
B) debit Bonds payable, $280,000; credit Cash, $280,000.
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Answer the following statement true (T) or false (F)
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