The adjusting entry to record the amortization of a discount on bonds payable is
A) debit Discount on Bonds Payable, credit Interest Expense
B) debit Interest Expense, credit Discount on Bonds Payable
C) debit Interest Expense, credit Cash
D) debit Bonds Payable, credit Interest Expense
B
Business
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A) debited to Merchandise Inventory B) credited to Merchandise Inventory C) debited to Cost of Goods Sold D) credited to Cost of Goods Sold
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An incorporated insurer whose governing body is elected by the policyowners is
A) a reciprocal insurer B) a stock company C) a mutual company D) a combination insurer
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