21. Given the following data for a bond issuance: Principal Coupon (state) Rate Market Rate Term Interest paid annually $10,000 8% 6% 4 years 4-year factors 8%, PV of $1 8%, PV of Annuity 6%, PV of $1 6%, PV of Annuity The sale price of the bond is approximately: a) $8,275 b) $15,271 c) $10,049 $9,337 $10,758 23. Given the following for the Whittier Company: Freight-In Sales Revenue Inventory, January 1 Inventory, December 31 Sales Discounts Bad Debt Expense Purchases Purchase Returns and Allowances Interest Revenue $4,000 80,000 12,000 15,000 6,000 2,000 38,000 2,000 5,000 Cost of Goods Sold is: ) $37,000 b) $33,000 c) $43,000 d) $39,000 28. The following items appeared on the January 31 bank reconciliations for Darren Company Bank Service Charge: $8 NSF Check: $40 Outstanding Checks: $80 Deposit in Transit: $30 Error: Deposit by Darren for $404 was correctly recorded by Darren, but recorded for $440 by the bank Bank collection of Note Receivable for Darren: $170 The unadjusted balance per the January 31 bank statement is $2,000. The adjusted cash balance for the January 31 balance sheet is: a) $1,964 $2,084 C$1,914 d) $1,986 e) $2,036 . 29. The following items appeared on the January 31 bank reconciliations for Kelly Company: Outstanding Checks: $100 NSF Check: $6 Bank Service Charge: $8 Deposit in Transit: $80 Error: Deposit by Kelly for $440 was correctly recorded by Kelly, but recorded for $476 by the bank. Bank collection of Note Receivable for Kelly: $170 . . . The unadjusted January 31 book balance is $3,000 The adjusted cash balance for the January 31 balance sheet is: a) $2,950 $2,986 $3,156 $3,084 e) $3,192