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can I get with this question please 28) If bonds with a face value of $200,000 are sold at 98, the amount of cash proceeds
can I get with this question please
28) If bonds with a face value of $200,000 are sold at 98, the amount of cash proceeds is: A) $192,152 B) $202,000 C) $200,000 D) $196,000. 29) Lener Company had the following transactions in 2015, its first year of operations. Issued 20,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $14.00 per share. . Issued 1,000 shares of $100 par value preferred stock. Shares were issued at par . Earned net income of $35,000. Paid no dividends. At the end of 2015, what is the total amount of stockholders' equity? B) $120,000 A) $415,000 C) $260,000 D) $380,000 30) The account to be debited when a stock dividend is declared and distributed on the same date would be: A) Retained Earnings B) Paid-In Capital in Excess of Par-Commorn C) Cash. D) Common Stock-Par Value. 31) Blanding Company issues $1,000,000 of 8%, 10-year bonds at 98 on February 28, 2014 The bonds pay interest on February 28 and August 31. Assume that Blanding uses the straight-line method for amortization. The journal entry to record the first interest payment on August 31, 2014 would be a A) debit to Cash for $40,000. B) debit to Interest Expense for $41,000. C) debit to Interest Expense for $39,000. D) debit to Discount on Bonds Payable for $1,000 32) On July 1, 2014, Miniature Company has bonds with balances as shown below Discount on Bonds Bonds Payable 65,000 3,250 If the company retires the bonds for $66,150, what will be the effect on the income statement A) sales revenue of $61,750 C) no effect on net income B) loss on etirement of $4,400 D) gain on retirement of $4,400 ty? 33) Which of the following is the amount the borrower must pay back to the bondholders on maturi A) principal amount C) stated interest value B) present value D) market valueStep by Step Solution
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