1. On January 1,2019 , a $1,000, one year 9% bond is sold for $992 at the time the market rate is 10%. What is the interest expense in 2019 ? $99$80$100$90 Question 2 ( 2 points) A company pays $4,725 to purchase $5,000 short term investment. What is the correct journal entry to record the purchase? Debit Cash \$4,725; Credit Short Term Investment $4,725 Debit Short term Investment $5,000; Credit Interest Revenue $275. Credit Cash $4,725 Debit Short term Investment $4,725;, Credit Cash $4,725 Debit Short term Investment $5,000; Credit Cash $5,000