20. A $600,000 bond was retired at a price of ( > 100%) 102 when the carrying value of the bond was $622,000. The entry to record the retirement would include a A) gain on bond redemption of $12,000. B) loss on bond redemption of $10,000. C) loss on bond redemption of $12,000. D) gain on bond redemption of $10,000. 21. If Vickers Company issues 5,000 shares of s5 par value common stock (C/S) for $175,000 Cash, A) (CR) Common Stock will be credited for $175,000. B) (CR) Paid-In Capital in Excess of Par will be credited for $25,000. C) (CR) Paid-In Capital in Excess of Par will be credited for $150,000 D) (DR) Cash will be debited for $150,000. 22. New Corp. issues 2,000 shares of $10 par value common stock at $16 per share. When the transaction is recorded, credits are made to (Hint: Calculate the Cash Received first) A) Common Stock $20,000 and Additional Paid-in Capital (APIC) in Excess of Stated Value $12,000. Common Stock $32,000. Common Stock $20,000 and Additional Paid-in Capital (APIC) in Excess of Par $12,000. Common Stock $20,000 and Retained Earnings $12,000. B) C) D) 23. If Keene Company issues 9,000 shares of $5 par value common stock for $160,000 Cash, the account A) Common Stock will be credited for $45,000. B) Paid-in Capital in Excess of Par will be credited for $45,000. C) Paid-in Capital in Excess of Par will be credited for $160,000. D) Cash will be debited for $115,000