34 The journal entry to record $200,000 of bonds that were issued at 99 would be to: Odebit Cash, $200,000 credit Bonds payable. $200,000 debit Cash, $200,000, credit Bonds payable, $198,000; credit Premium on bonds payable, $2,000. debit Cash, $198,000, credit Eads payable, $198,000 debit Cash, $198,000, debit Discount on bonds payable, $2.000; credit Bonds payable. $200,000 QUESTION 35 In response to a large number of high profile cases involving accounting fraud, the U S. Congress in 2002 passed the Internal Revenue Fraud Act Securities and Exchange Commission Fraud Act Sarbanes-Oxley Act Federal Reserve Act QUESTION 36 Renoir Associates pays an invoice for $4,500 in time to take a 5% discount. Assuming the net method was used to record the purchase, what is the journal entry to record the payment of this invoice? debit Accounts Payable $4,500, credit Inventory $225, credit Cash for $4.275 debit Accounts Payable $4.500. credit Cash $4,500 debit Accounts Payable $4,275, debit Inventory $225 credit Cash for $4,500 debit Accounts Payable $4,275 credit Cash $4,275