On January 1, 20x8, James Corporation issued $500,000, 10%, 5-year bonds, at 98. The bonds pay semiannual interest on January 1 and July 1. The company uses the straight-line method of amortization and has a calendar year end. The journal entry on July 1, 20x8 would include which of the following? Select one: a. Debit to Bond Interest Expense for $26,000 b. Debit to Bond Interest Expense for $25,000 c. Credit to cash for $26,000 d. None of the above

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Q: 4. Chapter 9 Homework

A: Prepare journal entry to record the issuance of bonds:

Q: A8

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Q: Homwork question 5- chapter 9

A: Calculate the amount of interest expense:

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Q: None

A:

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Q: 3. Chapter 9 Homework

A: Prepare journal entry to record the issuance of bonds:

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Q: None

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