A company issues 7% bonds with a par value of $140,000 at par on January 1 The market rate on the date of issuance was 6%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is: $8, 400. $4900. 4,200. A company purchased equipment and signed a 5-year installment loan at 10% annual interest. The annual payments equal $11,600. The present value of an annuity factor for 5 years at 10% is 3.7908. The present value of a single sum factor for 5 years at 10% is 6209. The present value of the loan is: Multiple Choice S58000. A corporation issued 320 shares of its $5 par value common stock in payment of a $4,000 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include: Multiple Choice A $4,000 credit to Common Stock A $1600 debit to Organization Expenses. A $2,400 credit to Paid-in Capital in Excess of Par Value, Common Stock O A $4.000 debit to Legal Expenses O A $4,000 credit to Cash. A company's board of directors votes to declare a cash dividend of $1.25 per share of common stock. The company has 25,000 shares authorized, 20,000 issued, and 19,500 shares outstanding. The total amount of the cash dividend is: Multiple Choice $24,375. S30.250. $31,250. $49,375. 525,000