Exhibit 14-6 Jones Corporation issued $400,000 of its 8%, 10-year bonds, dated January 1, 2016, at face value plus accrued interest on May 1, 2016. Interest is paid on January 1 and July 1. Jones uses the most common method to record the sale of the bonds between interest payment periods. ? Refer to Exhibit 14-6. The entry to record the payment of interest on July 1, 2016, would include a

A) credit to Bond Interest Expense for $10,667.
B) debit to Premium on Bonds Payable for $154.
C) credit to Cash for $16,000.
D) debit to Bond Interest Payable for $16,000.


C

Business

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