11.

12.

13.

On January 1, 2020, $2140000, 10-year, 10% bonds, were issued for $2050000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the amortization amount per year is $9000 O $4500 $205000 $7500 Concord Corporation issues 4000, 10-year, 8%, $1000 bonds dated January 1, 2020, at 103. The journal entry to record the issuance will show a credit to Premium on Bonds Payable for $120000. O debit to Cash of $4000000 O credit to Cash for $4120000. O credit to Bonds Payable for $4024000. On January 1, 2020, $3400000, 5-year, 10% bonds, were issued for $3100000. Interest is paid annually on January 1. If the issuinig corporation uses the straight-line method to amortize discount on bonds payable, the amortization amount per year is $60000 $30000 O $25000 O $50000