Calculate gain or lois on the sale. A) 31,000 31,00 g 8) 51,000 los Depreciation "s of December 31, 20 ,2016 0s D C)531,000 loss D) no gain no loss 49. Unearned revenue, for services to be perfoemed in uix months, appears on de halance sheet B) current liabilities C) current assets D) long-term assets 50. When a business records accrued interest espense on a note payable A) Interest Expense is credited B) Note Payable is eredited C) Cash is debited D) Interest Payable is credited 5 1 , On March 1 . 2016, Hughes Services issued a 6% long-term notes payable for $18,000. It is payable over s nn 36,000 principal instaliments on March I of each ycar, beginning March 1,2017. Which of the following entries needs to be made on March 1. 2016 3-year Long-Term Notes Payable Cash 6. Portion of Long-Term Notes Payable 18.00 Long-Term Notes Payable Long-Term Notes Payable Accounts Payable 18,000 ash 18,000 Long-Term Notes Payable 52. If bonds with a face value of $209,000 are issued at 93, the amount of cash proceeds is A) $208,907 B) $209,000 C) $194,370 D) $179,740 53. If bonds with a face value of $204,000 are issued at par, the amount of cash proceeds is A) $203,890 B) S204,000 C) $224,400 D) $244,800 Calculate gain or lois on the sale. A) 31,000 31,00 g 8) 51,000 los Depreciation "s of December 31, 20 ,2016 0s D C)531,000 loss D) no gain no loss 49. Unearned revenue, for services to be perfoemed in uix months, appears on de halance sheet B) current liabilities C) current assets D) long-term assets 50. When a business records accrued interest espense on a note payable A) Interest Expense is credited B) Note Payable is eredited C) Cash is debited D) Interest Payable is credited 5 1 , On March 1 . 2016, Hughes Services issued a 6% long-term notes payable for $18,000. It is payable over s nn 36,000 principal instaliments on March I of each ycar, beginning March 1,2017. Which of the following entries needs to be made on March 1. 2016 3-year Long-Term Notes Payable Cash 6. Portion of Long-Term Notes Payable 18.00 Long-Term Notes Payable Long-Term Notes Payable Accounts Payable 18,000 ash 18,000 Long-Term Notes Payable 52. If bonds with a face value of $209,000 are issued at 93, the amount of cash proceeds is A) $208,907 B) $209,000 C) $194,370 D) $179,740 53. If bonds with a face value of $204,000 are issued at par, the amount of cash proceeds is A) $203,890 B) S204,000 C) $224,400 D) $244,800