1. BA Industries is issuing bonds with a contractual interest rate of 10%. If the market interest rate is 8%, then the bonds will sell at

Group of answer choices

A Premium

A Discount

Face Value

2. Let's say that a customer can't pay their balance, but they promise to repay you at a definitive time in the future. According to the book, you would:

Group of answer choices

Write off their Accounts Receivable balance and expense it out

Change their Accounts Receivable to a Note Receivable

Throw them in jail