An available-for-sale debt security is purchased at a discount. The entry to record the amortization of the discount includes a

An available-for-sale debt security is purchased at a discount. The entry to record the amortization of the discount includes a



a. debit to Available-for-Sale Securities.
b. debit to the discount account.
c. debit to Interest Revenue.
d. None of these answers are correct.


Answer: debit to Available-for-Sale Securities


Learn More :