1.On January 1, 2020, DODO Company issued $100,000 - 9% bonds at face value for 5 years, interest paid seminannually (June 30 and Dec.31), at the date of issuance the entry of issuance will be?

a.Debit B/P $100000 and Credit Cash $100000.

b.Debit Cash $100000 and Credit B/P $100000.

c.Debit N/P $100000 and Credit Cash $100000.

d.Debit Cash $100000 and Credit N/P $100000.

2.On January 1, 2020, DODO Company issued $100,000 - 9% bonds at 105% for 5 years, interest paid Dec.31 each year, at Dec.31,2020, after paying Interest the carrying value of B/P will be?

a.$10000.

b.$96000.

c.$105000.

d.$95000.

3. On January 1, 2020, DODO Company issued $100,000 - 9% bonds at face value for 5 years, interest paid seminannually (July 30 and Jan.1), during 2021 and after paying accrude interest, the bonds has been retired at 102, Gain or loss from early retirment will be?

a.No Gain , No Loss.

b.Loss $2000.

c.Gain $2000.

d.All Answers are Wrong.