(6) Mohling Company typically sells subscriptions on an annual basis, and publishes eight times a year. The magazine sells 60,000 subscriptions in January at S10 each. What entry is made in January to record the sale of the subscriptions? 600,000 600,000 75,000 a. Subscriptions Receivable Subscription Revenue Unearned Subseription Revenue 600,000 Unearned Subscription Revenue 75,000 Cash T 600,000 b. Cash e. Subscriptions Receivable d. Prepaid Subscriptions 600,000 600,000 Bonds with a face value of $500,000 and a quoted price of 102 have a selling price of a. $601,125 b. $510,125. c. $510,013. d. $511,250. (7) (8) Hogan Company has $2,000,000 of bonds outstanding. The unamortized premium is $28,800. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption? a. $8,800 gain b. $8,800 loss C. $20,000 gain d. $20,000 loss (9) Restoration Company issued bonds that had the following data associated with them: Interest to be paid is $40,000 Interest expense to be recorded is $45,000. Which of the following characteristics is true? a. The bonds are sold at a premium. When recording the interest expense, the amortization will decrease the bond carrying value. b. The difference between the interest expense and the interest to be paid is the bond's par value. c. When recording the interest expense, the amortization will increase the bond carrying value. d