1. What is the journal entry to record the issuance of $100,000 face amount of 10% bonds for $105,000 cash? A. Dr. Cash 105,000 Cr. Discount on Bonds Payable 5000 Cr. Bonds Payable 100,000 B. Dr. Bonds Payable 100,000 Dr. Premium on Bonds Payable 5000 Cr. Cash 105,000 C. Dr. Cash 105,000 Cr. Bonds Payable 105,000 D. Dr. Bonds Payable 105,000 Cr. Cash 105,000 E. None of the above 2. In how many of the following five comparisons between the market rate and the stated rate are the bonds issued at a discount? Market Rate Stated Rate 1, 10% 2. 8 3. 6 4. 7 5. 1 10% 10 A. 5 B. 4 C. 3 D. 2 . None of the above