If the market rate of interest is greater than the

If the market rate of interest is greater than the bond's stated rate of interest, the bond will be issued at:
A. par.
B. a premium.
C. a discount.
D. maturity value.

11/28/21, 9:15 PM Final Exam - Study Guide (NOT FOR CREDIT)-Khoa Nguyen
7. The journal entry to record $200,000 of bonds that were issued at 104 would be to:
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8. A $250,000 issue of bonds that sold for $275,000 matures on June 25, 2020. The journal entry to record the payment of the
bond on the maturity date is to:
9. Bonds payable minus the Discount on bonds payable yields the:

11/28/21, 9:15 PM Final Exam - Study Guide (NOT FOR CREDIT)-Khoa Nguyen
10. $200,000 of 6%, 25-year bonds were sold for $190,000 on January 1. The bonds require semiannual interest payments on
June 30 and December 31. The entry to record the June 30 interest payment on the bonds using the straight-line method
would be to:
A. debit Interest Expense $5,800; debit Discount on bonds payable, $200; credit Cash, $6,000.
B. debit Interest Expense $6,200; credit Cash, $6,200.
C. debit Interest Expense $6,000; credit Cash, $6,000.
D. debit Interest Expense $6,200; credit Discount on bonds payable, $200; credit Cash, $6,000.
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11.
12.