Bee Company issued 5-year, 7% bonds with a par value of $95,000. The company received $92,947 for the bonds. Using the straight-line method to amortize the discount, the amount of interest expense for the first semiannual interest period is: $6,650.00. $7,060.60. $3,530.30. $3,119.70. $3,325.00.

On January 1, a company issues bonds dated January 1 with a par value of $200,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 6% and the bonds are sold for $208,531. The journal entry to record the issuance of the bond is:

Debit Cash $208,531; credit Discount on Bonds Payable $8,531; credit Bonds Payable $200,000.

Debit Bonds Payable $200,000; debit Bond Interest Expense $8,531; credit Cash $208,531.

Debit Cash $208,531; credit Bonds Payable $208,531.

Debit Cash $200,000; debit Premium on Bonds Payable $8,531; credit Bonds Payable $208,531.

Debit Cash $208,531; credit Premium on Bonds Payable $8,531; credit Bonds Payable $200,000.

On January 1, a company issues bonds dated January 1 with a par value of $270,000. The bonds mature in 5 years. The contract rate is 11%, and interest is paid semiannually on June 30 and December 31. The market rate is 10% and the bonds are sold for $280,420. The journal entry to record the first interest payment using straight-line amortization is:

Debit Bond Interest Expense $15,892.00; credit Premium on Bonds Payable $1,042.00; credit Cash $14,850.00.

Debit Interest Payable $14,850.00; credit Cash $14,850.00.

Debit Bond Interest Expense $15,892.00; credit Discount on Bonds Payable $1,042.00; credit Cash $14,850.00.

Debit Bond Interest Expense $13,808.00; debit Premium on Bonds Payable $1,042.00; credit Cash $14,850.00.

Debit Bond Interest Expense $13,808.00; debit Discount on Bonds Payable $1,042.00; credit Cash $14,850.00.

Noble Company holds $64,000 of 11.5% bonds that mature in six years as a held-to-maturity security. Which of the following is the correct journal entry to record the receipt of the semiannual interest payment?

debt Cash, $3,680; credit Long-Term InvestmentsHTM, $3,680.

debit Cash, $7,360; credit Long-Term InvestmentsHTM, $7,360.

debit Cash, $7,360; credit Unrealized Gain-Equity, $7,360.

debit Unrealized Gain-Equity, $3,680; credit Cash, $3,680.

debit Cash, $3,680; credit Interest Revenue, $3,680.

On February 15, Jewel Company buys 6,100 shares of Marcelo Corp. common stock at $28.72 per share plus a brokerage fee of $495. The stock is classified as available-for-sale securities. On March 15, Marcelo declares a dividend of $1.34 per share payable to stockholders of record on April 15. Jewel received the dividend on April 15 and ultimately sells half of the Marcelo stock on November 17 of the current year for $29.49 per share less a brokerage fee of $345. The journal entry to record the purchase on February 15 is:

DebitLong-Term Investments-HTM $179,889; credit cash $179,889

Debit Long-Term Investments-AFS $175,687; credit Cash $175,687.

DebitLong-Term Investments-Trading $175,687; credit Cash $175,687.

DebitLong-Term Investments-Trading $175,192; credit Cash $175,192.

Debit Long-Term Investments-AFS $175,192; credit Cash $175,192.