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Acropolis SA on January 1, 2020, issues K100,000 of 9% bonds, due in five...

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Accounting

Acropolis SA on January 1, 2020, issues K100,000 of 9% bonds, due in five years, with interest payable annually at year-end. The market interest rate is 10% at the time of issuance. The journal entry for its interest payment of Dec 31, 2020 includes a. A credit to cash of K10,000. . b. A debit to interest expense at K9,000. * A debit to cash of K9,000. d. A credit to bonds payable. C.
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Acropolis SA on January 1,2020 , issues K100,000 of 9% bonds, due in five years, with interest payable annually at year-end. The market interest rate is 10% at the time of issuance. The journal entry for its interest payment of Dec 31,2020 includes a. A credit to cash of K10,000. b. A debit to interest expense at K9,000. c. A debit to cash of K9,000. d. A credit to bonds payable

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