14 A company issues 15,000 shares of its $22 par common stock for $32 per share. The amount to be debited to Cash is: $150,000. $330,000. $480,000. $810,000 QUESTION 15 Contingent liabilities pose an ethical challenge because they're based on past events, they are easier to manipulate. True False QUESTION 16 The journal entry to record $300,000 of bonds that were issued at 104 would be to: debit Cash, $300,000; credit Bonds payable, $300,000.. Odebit Cash, $312,000; credit Bonds payable, $312,000. debit Cash, $312,000: credit Bonds payable, $300,000; credit Premium on bonds payable, $12,000. debit Cash, $300,000; debit Discount on bonds payable, $12,000; credit Bonds payable, $312,000