10. Raffa Manufacturing has an old factory machine that cost $50,000. The machine has accumulated depreciation of $28,000. If Raffa sells the machine for $26,000, what is the result? a. A gain on sale of $4,000 b A loss on sale of $4,000 c. A gain on sale of $26,000 d. A loss on sale of $28,000 11. In the above problem, if Raffa sells the machine for $15,000, what is the result? a. A gain on sale of $7,000 b. A loss on sale of $7,000 c. A gain on sale of $15,000 d. A loss on sale of $28,000 12. What is the journal entry to record the issue of a $200,000 bond at face value? a. Bonds Payable $200,000 Cash $200,000 b. Cash $200,000 Bonds Payable S200,000 13. What is the journal entry to record the interest accrued (but not paid yet) of $4,000? a. Interest Expense $4,000 Interest Payable $4,000 b. Interest Expense Cash $4,000 $4,000 14. What is the journal entry to record the payment of the accrued interest in #2? a. Interest Expense $4,000 Cash $4,000 b. Interest Payable $4,000 Cash $4,000