Bond issue costs: a must be amortized over the life of the bonds b are recorded in an asset account and not amortized. c must be expensed when incurred. d appear on the balance sheet as a liability.
The April 30 entry in the next year would include the accrued amount from December of last year and interest expense for Jan to April of this year. We will credit cash since we are paying cash to the bondholders. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer …