A On November 1, 2019, Bob's Burgers signed a $300,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2020. The appropriate adjusting entry was recorded on Dec 31. On May 1, 2020 while recording the journal entry for the repayment Bob's Burgers will have the following for interest payable and interest expense: Note Payable $300,000 Interest Expense $6,000 Interest Payable $3,000 $309,000 Note Payable $300,000 Interest Expense $6,000 Interest Payable $3.000 Cash $303,000 Cash OB $300,000 $7,500 $1,500 . Note Payable Interest Expense Interest Payable Cash Note Payable Interest Expense Cash $309,000 $300,000 $9.000 D $309,000 Bond D 8% 99% Given the following information, which bond(s) will issue at a discount? Bond A Bond B Bond C Stated Rate of Return 896 129 10% Market Rate of Return 896 10% 11% A. Bond A B. Bond B C. Bond C and Bond D OD. None of the above On January 1, 2020 Truffle Corp entered into a five-year installment note for $100,000 at 7% interest. The note requires a monthly payment of $1,980. Question 1: The journal entry to record the payment on January 31, 2020 will include a: Debit of $583 to Interest expense Question 2: What is the new Carrying Value of the Note Payable after the journal entry? QUESTION 24 Which of the following are classified as a source of debt financing (liability) 1. Bond II. Installment Note III. Note Payable IV. Common Stock A. All of the above B. I and I only Question 1 Answer Selection Debit of $583 to Interest expense Debit of $1,980 to Interest expense Debit of $417 to Interest expense Credit of $1,980 to Interest expense Question 2 Answer Selection $98,437 $93,000 $98,603 C. I, II and Ill only $98,020 Bond D 10% Given the following information, which bond(s) will issue at face value? Bond A Bond B Bond C Stated Rate of Return 99 8% 896 Market Rate of Return 10% 8% 7% A. Bond A 996 B. Bond B C. Bond C and Bond D D. Bond D