3. You give the bank a one year, non-interest bearing note with a face value of $150,000 in order to borrow $120,000. A. At issuance, the journal entry will include... a. Dr. Cash 150,000 b. Cr. note payable 120,000 c. Dr. discounts on note payable 30,000 B. At maturity, the journal entry will include... a. Dr. notes payable 150,000 b. Cr. cash 120,000 C. Cr. interest expense 30,000 4. A company wants to extinguish a $510,000 face value bond with a carrying value of $542,000. The call price on this bond is $600,000. Stated rate was 10% and market rate was 8%. What is included in the journal entry recording the early extinguishment of the bond? a. Dr. Cash 600,000 b. Cr. discount amortization 32,000 c. Dr. loss on extinguishment 58,000 3. You give the bank a one year, non-interest bearing note with a face value of $150,000 in order to borrow $120,000. A. At issuance, the journal entry will include... a. Dr. Cash 150,000 b. Cr. note payable 120,000 c. Dr. discounts on note payable 30,000 B. At maturity, the journal entry will include... a. Dr. notes payable 150,000 b. Cr. cash 120,000 C. Cr. interest expense 30,000 4. A company wants to extinguish a $510,000 face value bond with a carrying value of $542,000. The call price on this bond is $600,000. Stated rate was 10% and market rate was 8%. What is included in the journal entry recording the early extinguishment of the bond? a. Dr. Cash 600,000 b. Cr. discount amortization 32,000 c. Dr. loss on extinguishment 58,000