1.Bonds with a face value of $816000 and a quoted price of 98.5 have a selling price of

A.$799721.

B.$803760.

C.$801720.

D.$800088.

2.Novak Corp. issues 5100, 10-year, 8%, $1000 bonds dated January 1, 2020, at 98. The journal entry to record the issuance will show a

debit to Cash of $5100000.

credit to Bonds Payable for $4998000.

debit to Discount on Bonds Payable for $102000.

credit to Cash for $4998000.