3. On January 1, 2017, Bramble Corp. issued eight-year bonds with a face value of $6,120,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31, The bonds were sold to yield 12% The issue price of the bonds is A. S5.564,916 B. $5,512,896 C. $5,501.519 D. $5,503,716 5. A company issues $15,000,000, 5.8%, 20-year bonds to yield 6% on January 1, 2017, Interest is paid on June 30 and December 31. The proceeds from the bonds are $14,653,278. Using effective- interest amortization, what will the carrying value of the bonds be on the June 30, 2017 balance sheet? A. $14,653,278 B. $15.000,000 C. $14,657,876 D. $14,121,000 6. At December 31, 2017 the following balances existed on the books of Sheridan Company: Bonds Payable $6,080,000 Discount on Bonds Payable 846,000 If the bonds are retired on January 1, 2018, at 103, what will Sheridan report as a loss on redemption? A. $608,000 B. $1,184.400 C. $1,028,400 D. $872,400 7. Bramble Corp. issues $5,120,000, 796, 5-year bonds dated January 1, 2017 on January 1, 2017. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 690 What is the bond issue price? A. $5,338,373 B. $5,120.000 C. $5,336,038 D. $5,336,853 8. Marigold Corp. acquired 18,400 shares of its own common stock at $18 per share on February 5, 2017, and sold 9,200 of these shares at $25 per share on August 9, 2018. The cost method is used to record treasury stock transactions. What account(s) should Marigold credit in 2018 to record the sale of 9200 shares? A. Treasury Stock for $230,000 B. Treasury Stock for $165,600 and Retained Earnings for $64,400. C. Treasury Stock for $202,400 and Retained Earnings for $27,600 D. Treasury Stock for $165,600 and Paid-in Capital from Treasury Stock for $64,400