Business, 24.01.2020 04:31, kactus

Prepare the adjusting journal entry to record interest expense and bond premium amortization on december 31, 2020.

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answered: eminim01

Date Account Dr Cr

31st Dec Interest Expense

Premium on Bonds Payable

Cash

Explanation:

The direct entry would be

Date Account Dr Cr

31st Dec Interest Expense

Premium on Bonds Payable

Cash

where cash account is used but if interest payable is used then this entry would be

Date Account Dr Cr

31st Dec Interest Expense

Premium on Bonds Payable

Interest Payable

31st Dec Interest Payable

Cash

Where interest is calculated semiannually or annually or as the case may be

answered: Guest

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last, city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

answered: Guest

answer; hazards;

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Prepare the adjusting journal entry to record interest expense and bond premium amortization on dece...