On January 1 2015 Acme company issued 100 ($1000 par) 6 % semi-annual 9 year convertible bonds when the market rate of interest was 8 %
A) make the journal entry on 1/1/15 when acme issued the bonds
B) make the journal entry ACME makes on 6/30 when it makes its first interest payment (amce uses effective interest method)