22 012763 Bonney Lake Corporation issued 2,000 shares of its $1 par value common stock for $16 per share. What journal entry should be made to record this transaction? Multiple Choice Account Common Stock Cash Debit Credit 32,000 32,000 Account Debit Credit 4 23. 0127.50 Methow Corporation has 50,000 shares of $0.01 par value common stock outstanding with a current market price of $120 per share. If the corporation issues a 2-for-1 stock split, what will be the approximate market price of the stock immediately after the stock spit? Multiple Choice $100 per share $60 per share $240 per share $80 per re 24 If bonds with a carrying value of $710,000 are retired before maturity at a cost of $730,000, is a gain or loss recorded by the issuer, and in which financial staternent is the gain or loss reported? 012748 Multiple Choice A loss; reported in the income statement A loss; reported in the balance sheet A gain; reported in the income statement A gain; orted in the balance sheet