what-is-the-journal-entry-to-record-the-repayment-of-the-principal-at-the-bonds-

Question

What is the journal entry to record the repayment of the principal at the bond's maturity?

Accepted Answer

Debit Bonds Payable; Credit Cash

Answer

Debit Interest Expense; Credit Cash

Answer

Debit Bonds Payable; Credit Interest Expense

Answer

Debit Cash; Credit Bonds Payable