Assume that a company issues a ten year $100,000, 6% bond to yield 8% for $86,579.84 on January 1, 2014 and interest payments are due on December 31st of each year. On December 31, 2014 the company paid the bondholder the annual payment of $6,000. The journal entry to record the first payment on December 31, 2014 will include a debit to interest expense of $ 6,000. a debit to interest expense of $ 8,000 O a credit to bond discount $ 926.39 a debit to bond discount of $ 926.39 O a credit to bond premium of $ 926.39 QUESTION 7 Wilma issued a 10-year, $100,000 face, 10% coupon rate bond to yield 10%. This bond was issued at a premium a discount par a coupon rate None of these QUESTION 8 When a business issues bonds for cash, which of the following occurs? A revenue account increases and an asset account increases An asset account increases and a liability account decreases An expense account increases and an asset account decreases An asset account decreases and a liability account increases An asset account increases and a liability account increases