8 2.5 pts On January 1, 2017, Toland Sales issued $26,000 in bonds for $20,300. These are eight-year bonds with a stated interest rate of 14% pay semiannual interest. Toland Sales uses the straight-line method to amortize the bond discount. What is the bond carrying amount after the first interest payment on June 30, 2017? (Round your intermediate answers to the nearest dollar.) $26,000 $17,806 $20,656 $23,506 Question 9 2.5 pts The Frozen Lake Company issues $530,000 of 9%, 10-year bonds at 105 on March 31, 2017. The bond pays interest on March 31 and September 30. Assume that the company uses the straight-line method for amortization. The journal entry to record the first interest payment on September 30, 2017 _. (Round your intermediate includes a answers to the nearest dollar.) debit to Cash for $23,850 debit to Interest Expense for $25,175 debit to Interest Expense for $22,525 credit to Premium on Bonds Payable for $1,325 Question 12 2.5 pts Refer to the following list of liability balances at December 31, 2017. What is the total amount of long-term liabilities? Supporting Materials Accounts Payable $20,000 Employee Health Insurance Payable 1,150 Employee Income Tax Payable 900 Estimated Warranty Payable 1,500 Long-Term Notes Payable (Due 2021) 40,000 FICA-OASDI Taxes Payable 760 Sales Tax Payable 1,070 Mortgage Payable (Due 2022) 9,000 Bonds Payable (Due 2023) 60,000 Current Portion of Long-Term Notes Payable 9,500 $49,000 $109,000 $100,000 $40,000 Question 14 2.5 pts Compute the present value of $50,000, invested for six years at 9%. Supporting Materials Present value of $1: 5% 3 6% 0.864 0.840 0.816 7% 8% 9% 0.794 0.772 4 0.823 0.792 0.763 0.735 0.708 5 0.784 0.747 0.713 0.681 0.650 6 0.746 0.705 0.666 0.630 0.596 7 0.711 0.665 0.623 0.583 0.547 $38,133 $25,300 $34,300 $29,800