31.) A company issued a 10 year,8% bonds with a face value of $200,000. Interest is paid annualy.The market rate on the issue date was 7.5% and the company received $206,948 in cash proceeds. Which of the following statements is correct? A.) The company must pay $200,000 at maturity plus $16,000 in interest each year for 10 years. B.) The company must pay $200,000 at maturity plus $16,000 in interest each year for 10 years. C.) The company must pay $200,000 at maturity plus $16,000 in interest each year for 10 years. D.) The company must pay $200,000 at maturity plus $16,000 in interest each year for 10 years. 25.) On November 1, 2015, ABC Corp. borrowed $100,000 cash on a 1 year, 6% note payable that requires ABC to pay both principal and interest on October 31,2016. Given no prior adjusting entries have been recorded, the adjusting journal entry on December 31, 2015, ABC's year end, would include a A.) credit to Cash of $1,000 Y C.) credit to Note Payable of $1,000 B.) credit to interest Payable of $1,000 D.) debit to interest Expense of $6,000 The Doodad Company purchases a machine for $48,000. The machine has an estimates residual value of $20,000. The company expects the machine to produce two million units. The machine is used to make 400,000 units during the current period. 20.) Use the information above to answer the following question. If the units of production method is used, the depreciation rate is A.) $1.00 per unit B.) $0.19 per unit C.) $0.95 per unit D.) $0.05 per unit