how-would-you-record-the-repayment-of-a-zero-coupon-bond-with-a-face-value-of-70

Question

How would you record the repayment of a zero coupon bond with a face value of $70,000 at maturity?

Accepted Answer

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

Answer

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

Answer

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

Answer

Debit Bonds Payable $$70,000, Credit Interest Expense 70$$,000

How would you record the repayment of a zero coupon bond with a face value of \$70,000 at maturity?