28 on January 1 , 2013, Cathy's Corporation issued $5,000,000, 10-year, 8% bonds at 102, Interest is payable semiannually on January I and July 1. The journal entry to record this transaction on January 1, 2013 is: 29. The discount on bonds payable or premium on bonds payable is shown on the balance sheet as an adjustment to bonds payable to arrive at the carrying value of the bonds. Indicate the appropriate addition or subtraction to bonds payable: Premium on Bonds Payable Discount on Bonds Payable 30. How is Bond Interest PAID calculated? Is the Bond Interest Paid different if the bonds were issued at a discount or premium? How is Bond Interest PAID calculated? Is the Bond Interest Paid different if the bonds were issued at a discount or premium? 31. Darman Company issued 500 shares of no-par common stock for $6,000. Which of the following journal entries would be made if the stock has a stated value of $2 per share? 32. What is the effect of the declaration of a cash dividend by the board of directors on Stockholder's equity and liabilities? 33. What are the journal entries to declare and pay a stock dividend, and what is the effect on stockholder's equity? 34. What is the formula for Current ratio? 35. What is the purpose of a post-closing trial balance? Does it contain permanent or temporary accounts? 36. What is the journal entry to establish and replenish Petty Cash? 37. What are the 3 categories on the Statement of Cash Flow? What are included in these categories? 38. What is horizontal and vertical analysis