20. Acompany issued 5year g% bonds with ahce value of S10,000,000 andm al interest- received $9,500,000 in cash from investors on the date of issuance. The journal entry to rec interest payment and amortization is a. Interest expense 900,000 c. Interest expense 800,000 100,000 Amortization800,000 Cash Cash b. Cash 800,000 d Interest expense 800,000 Amortization 100,000 Interest expense 800,000 900,000 21. On December 31, Strike Company has decided to sell one of its batting cages. The initial c equipment was $215,000 with an accumulated depreciation of $185,000. Depreciation has the end of the year. The company found a company that is willing to buy the equipment for is the amount of the gain or loss on this transaction? a. Cannot be determined b. No gain or loss c. Loss of $10,000 d. Gain of $20,000 22. The following information is available from the current period financial statements Net income Depreciation expense Increase in accounts receivable Decrease in accounts payable $15 The net cash flow from operating activities using the indirect method is a. $173,000 b. $117,000 c. $215,000 d. $141,000 23. There are four closing entries. The first one is to close the second one is to close to close, and the last one is to close a. expenses, assets, income summary, capital stock b. dividends, income summary, expenses, revenues c. revenues, expenses, income summary, dividends d. retained earnings, dividends, income summary, assets 24. Only debt securities can be classified as trading securities held to maturity securities a. available for sale securities c. b. all of these are acceptable d. Which of the following types of accounts have a normal credit balance? a. b. c. d. 25. assets and liabilities revenues and liabilities capital stock and dividends liabilities and expenses