Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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Transcribed Image Text:On January 31, 2021, B Corp. issued $800,000 face value, 12% bonds for $800,000 cash. The bonds are dated December
31, 2020, and mature on December 31, 2030. Interest will be paid semiannually on June 30 and December 31.
What amount of accrued interest payable should B report in its September 30, 2021, balance sheet?
Multiple Choice
a. $24,000.
b. $48,000.
c. $72,000.
d. $64,000.
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