Parson Products Inc. purchased $180,000, 10%, five-year bonds to hold until maturity. The bonds were...
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Parson Products Inc. purchased $180,000, 10%, five-year bonds to hold until maturity. The bonds were purchased on July 1, 2020 at a market value of 103, and will mature on July 1, 2025. Interest payment dates are June 30 and December 31. Parson uses the straight-line method to amortize any bond discount or premium. How will the amortization of the premium be recorded on each interest payment date? O A. credit to Investment in Bonds of $558 B. debito Investment in Bonds of $1,860 OC. debit to Investment in Bonds of $558 OD. credit to Investment in Bonds of $1,860
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