Plum Corporation issues $400,000 of 7 percent, five-year bonds on January 1, 20x5, and sells them on the same date for their face value. The bond indenture states that interest is to be paid on January 1 and July 1 of each year. The entry to record the first interest payment includes
A) a credit to Cash for $28,000.
B) a debit to Interest Expense for $14,000.
C) a debit to Unamortized Discount on Bonds Payable for $14,000.
D) All of these choices.
B
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Indicate whether the statement is true or false
A market's geographic characteristics
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