what-journal-entry-is-made-at-the-maturity-of-a-bond-with-a-face-value-of-75000

Question

What journal entry is made at the maturity of a bond with a face value of $75,000?

Accepted Answer

Debit Bonds Payable $$75,000, Credit Cash 75$$,000

Answer

Debit Bonds Payable $$75,000, Credit Discount on Bonds Payable 75$$,000

Answer

Debit Cash $$75,000, Credit Bonds Payable 75$$,000

Answer

Debit Bonds Payable $$70,000, Credit Cash 70$$,000

What journal entry is made at the maturity of a bond with a face value of \$75,000?