could you please answer both (last question I have)

Company A sells a machine to Company B on September 1 for $27,000. The down payment to be paid by Company Bis $3,000. Company B must pay monthly minimum payments of $265.12% interest rate per annum on the unpaid balance is deducted from each payment and the balance is applied to reduce the principal outstanding. Company B makes the following payments to Company A: October 1 November 1 December 1 January 2 $ 265 $ 265 $ 600 $ 265 Prepare a partial amortization schedule in order to answer the following question. In preparing an amortization schedule, what is the balance on the loan to be used on September 1? Multiple Choice O $24.000 $27,000 426,880 o o o o $30,000 None of the other alternatives are correct On October 1, 2015 Magic Marker Incorporated issued twenty-year bonds with a face value of $1,000,000. The proceeds of the bond issue amounts to $1,060,000. The bands bear interest at 10% per year, payable semi- annually on April 1 and October 1. The effective interest rate is 9.3% and the company uses the effective interest method. Magic Marker Incorporated has a December 31 year-end date. What is the journal entry that will be recorded on December 31, 2015? What is the journal entry that is recorded on April 1, 2016? Multiple Choice Dr. Interest expense on bonds $26,500. Cr. Premium on bonds $1,500. Cr. Cash $25.000 Dr. Interest expense on bonds $24,645. Dr. Premium on Bonds $355, Interest Payable $25,000 Dr. Interest expense on bonds $25,000. Cr. Cash $25,000 Dr. Interest expense on bonds $50,000. Cr. Cash $50.000 O Dr. Interest expense on bonds $24,645. Dr. Premium on Bonds $355. Interest payable $25,000. Cr. Cash $50,000