7 . On January 1, a company issues bonds dated January 1 with a par value of $320,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 6% and the bonds are sold for $333,650. The journal entry to record the first interest payment using straight-line amortization is: (Rounded to the nearest dollar) 3 00:57:30 Multiple Choice O Debit Bond Interest Expense 59.835: Get Premium on Bonds Payable $365, Credit Cash $11.200 o Debt Bond Interest Expense $12.505. credit Premium on Bonds Payable $236. Credit Cash $1200 o Detit Bond Interest Expense 3.335 count on Bonds Payable , cred Cash $11200 Debit interest Payable $11200, Credit Cash $1,200. o o o O Debit Bond interest Expense $12,565 Credit Discount on Bonds Payable $1.365. credit Cash $11200 The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned total wages of $9,300. What is the amount of total unemployment taxes the employer must pay on this employee's wages? 2 0501 Multiple Choice 4800 - A company estimates that warranty expense will be 4% of sales. The company's sales for the current period are $246,000. The current period's entry to record the warranty expense is: ( 8 ore Multiple Choice O Debit Estimated Warranty 59.840 credit Warranty Expense $3.650 O O Debit Estimated Warranty Liability 59.840 Credit Cash $9,840 o O Debit Warranty Expense $9,840 credit Estimated Warranty Liability $9.840 o o Debit Warranty Expense $9,840 credit Sales $9.840. o o No entry is recorded until the items we returned for warranty repair Stockholders' equity consists of which of the following? Multiple Choice 25 Premiums and discounts. Pald-in capital and par value. Retained earnings and cash Long-term assets Paid-in capital and retained earnings