1. Bonds with a face value of $200,000 were issued at 103. The entry to record the issuance will include a credit to the Bonds Payable account for: A. $206,000 B. $200,000 C. $103,000 D. $230,000 2. On December 31, 2010, a corporation issued $200,000 face value, 12 percent bonds that mature 10 years from the date of issue. The issue price was 97. If the firm uses the straight-line method of amortization, interest expense for 2011 will be reported at: A. $24,600 B. $24,000 C. $23,400 D. $19,400 3. Question: The Premium on Bonds Payable account is shown in the: A. Current Assets section of the balance sheet B. Current Liabilities section of the balance sheet C. Long-Term Liabilities section of the balance sheet D. Revenue section of the income statement 4. Question: The entry to record the adjustment for accrued bond interest includes a debit to __________ and a credit to __________. A. Bond Interest Expense; Cash B. Bond Interest Expense; Bond Interest Payable C. Bond Interest Payable; the Bond Interest Expense D. Bond Interest Expense; Bonds Payable 5. Question: Bonds with a face value of $400,000 were issued at 98. The entry to record the issuance will include a credit to the Bonds Payable account for: A. $408,000 B. $392,000 C. $400,000 D. $398,000