4:The adjusted trial balance for Swifty Corporation at the end of the current year, 2020, contained the following accounts.

5-year Bonds Payable 8%	$1550000
Interest Payable	51800
Premium on Bonds Payable	155000
Notes Payable (3 mo.)	40000
Notes Payable (5 yr.)	145000
Mortgage Payable ($10000 due currently)	300000
Salaries and Wages Payable	18000
Taxes Payable (due 3/15 of 2021)	25000

The total long-term liabilities reported on the balance sheet are

$1995000.

$1985000.

$2140000.

$2150000.

8:Waterway Company has $1660000 of bonds outstanding. The unamortized premium is $22300. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption?

$16600 loss

$5700 gain

$5700 loss

$16600 gain

9: Bramble Corp. retires its bonds at 105 on January 1, following the payment of annual interest. The face value of the bonds is $580000. The carrying value of the bonds at the redemption date is $600300. The entry to record the redemption will include a

credit of $20300 to Loss on Bond Redemption.

debit of $29000 to Premium on Bonds Payable.

debit of $20300 to Premium on Bonds Payable.

credit of $8700 to Gain on Bond Redemption.

10:Bramble Corp. issues 2800, 10-year, 8%, $1000 bonds dated January 1, 2020, at 103. The journal entry to record the issuance will show a

credit to Bonds Payable for $2816800.

debit to Cash of $2800000.

credit to Cash for $2884000.

credit to Premium on Bonds Payable for $84000.