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ACCT 306 - Chapter 8 Flashcards | StudBud
ACCT 306 - Chapter 8
1 / 9
A gov. paid $16,000 of interest on its outstanding bonds during the current year. What is the worksheet entry?
A
None of the above
B
Debit Interest Expense/Expenditures $16,000
C
Debit Net Position $16,000
D
Credit Interest Expense/Expenditures $16,000
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