4. Firm issued $50M, 12% bonds on 04/01/2022 at 96 plus accrued interest. Bonds are dated 01/01/2022. Interest payments are on 6/30 and 12/31. Cash proceeds from the issuance is: a. $49M b. $49.5M c. $50.5M d. $51.75M

5. Firm issued $100K, 5-year, 8% bonds on 01/01/2023. Interest paid on 04/01 and 10/01. Issue price is $108,530. Effective annual rate is 6%. Adjusting entry on 12/31/2023 includes: a. A credit to Premium on Bonds Payable by $372 b. A credit to Interest Payable by $1,628 c. A debit to Premium on Bonds Payable by $372 d. A debit to Interest Expense by $2K

6.On 01/01/2022, firm issued 1K of 8%, 10 years, $1K bonds at 98. Interest is paid on 01/01 and 07/01. Firm paid $50K in bond issue costs. The entry to record the issuance includes: a. A debit to Discount on Bonds Payable by $30K b. A debit to Discount on Bonds Payable by $70K c. A credit to Bonds Payable by $950K d. A debit to Cash by $980K