1.On January 1, Charlie Corporation issued $3,000,000, 14%, 5minusyear bonds with interest payable on January 1 and July 1. The bonds sold for $3,216,288. The market rate of interest for these bonds was 12%. Under the effectiveminusinterest method, the debit entry to interest expense on July 1 is for (rounded to the nearest dollar):

2.The journal entry to record payroll

A.debits salary expense for the net pay and credits salary payable for the gross pay.

B.debits salary expense and credits salary payable for the gross pay.

C.debits salary expense and credits salary payable for the net pay.

D.debits salary expense for the gross pay and credits salary payable for the net pay.

3.The carrying value of a bond immediately after the bond was issued was $245,000. The bond price was 98. The face value of the bond was:

4.ABC Corporation issued $600,000, 10%,5minusyear bonds on January 1, 2012 for $612,000 when the market interest rate was 8%. Interest is paid semiannually on January 1 and July 1. The corporation uses the effectiveminusinterest method to amortize bond premium. The amount of bond interest expense recognized on July 1, 2012 is: