11 O points Five thousand bonds with a face value of $1,000 cach, are sold at 102. The entry to record the issuance is 5,100,000 Cash 5,100,000 Bonds Payable 5,100,000 O Cash 5,000,000 Premium on Bonds Payable 100,000 Bonds Payable Cash 5,100,000 Premium on Bonds Payable Bonds Payable O Cash 5,100,000 Discount on Bonds Payable Bonds Payable 100,000 5,000,000 100,000 5.000.000 -10 12 points Five thousand bonds with a face value of $1,000 each, are sold at 97. The entry to record the issuance is 0 Cash 4,850,000 Bonds Payable 4,850,000 O Cash 4,850,000 Discount on Bonds Payable 150,000 Bonds Payable 5,000,000 O Cash 4,850,000 Premium on Bonds Payable 150,000 Bonds Payable 5,000,000 O Cash 5,000,000 Discount on Bonds Payable 150,000 Bonds Payable 4,850,000 13 points Acme Company borrowed $2,000,000 from U.S. Bank on January 1, 2016 in order to expand its mining capabilities. The five-year note required annual payments of $520,872 and carried an annual interest rate of 9.5%. What is the amount of expense Acme must recognize on its 2017 income statement? $190,000 $158,568 $140,518 S124,146 14 points Collins Company borrowed $1,250,000 from BankTwo on January 1, 2016 in order to expand its mining capabilities. The five-year note required annual payments of $325,545 and carried an annual interest rate of 9.5%. What is the amount of expense Collins must recognize on its 2017 income statement? $118,750 $99,105 $87,821 o $77,591 - 15 points What are the two classifications for Liabilities on the balance sheet? (Select all that apply) Current Short OOOO Intangible Long-Term