1. On January 1, 2019, Always Corporation issues $3,100,000, 5year, 12% bonds for $3,010,000. Interest is paid semiannually on January 1 and July 1. Always Corporation uses the straightline method of amortization. The company's fiscal year ends on December 31. The amount of discount amortized on July 1, 2019 is:

2. Williamson Company declared and distributed a 10% stock dividend when it had 900,000 shares of $1 par value common stock outstanding. The market price per share of common stock was $10 per share when the dividend was declared. The journal entry to record the stock dividend would include a credit to:

3. Orlando Corporation incorporated on January 2 of the current year. During the year, Orlando had the following transactions:

issued 70,000 shares of common stock at $35 per share. The par value per share is $1.

purchased1,000 shares of treasury stock at $26 per share

had net income of $400,000.

What is the total amount of stockholders' equity as of December 31 of the current year?

4. On January 1, 2019, Brewers Corporation issued $1,100,000 77%, 5year bonds at 98, with interest paid annually. Using the straightline amortization method, what is the carrying value of the bonds on January 1, 2019? (Round your final answer to the nearest dollar.)

5. A share of 5% preferred stock has a par value of $70 and market value of $100. The owners of the preferred stock will receive a cash dividend of: (Round your answer to the nearest cent.)

6. A bond with a face value of $90,000 and a quoted price of 103 has a selling price of: