coupon interest rate of 5% and market rate of interest at 4%. Interest on the bond is paid annually. The bond was sold in January 2, 2019, at: a. Premium of $2,000 b. Discount of $2,000 c. At par of $2,000 d. All of the above e. None of the above. 46. Please, refer to the facts of problem 45 above, if the coupon rate were 4% and the market rate were 5%, the bond would have been sold at: a. Premium b. Par c. discount d. fair market value e. None of the above. 47. Please refer to problem 45 above, the contractual annual interest that the borrower is expected to pay is: a. $ 4,000 b. $10,000 C. $5,000 d. $12,000 e. none of the above. 48. Please refer to problem 45, the general journal entries that the Seller of the bond would make on the date of the sale would be: a, Debit Cash $102,000; Debit Premium on Bond $2,000 and Credit Bonds Payable $102,000. b. Debit Cash $102,000; Credit Bonds Premium $2,000 and Credit Bonds Payable $100,000, c. Debit Bonds Payable $100,000; Credit Bonds Interest $5,000 and Credit Cash $105,000 d. Debit Interest Expense $4,000; Debit Bonds Payable $100,000; Credit Cash $104,000. e. None of the above 49. Please, refer to problem 45 above. At the end of 5 years of the life of the bond, the seller or the borrower would make the following Journal entries: a. Debit Bonds Payable $100,000; Debit Interest Expense $5,000 and Credit Cash $105,000. b. Debit Cash $105,000; Credit Interest Income $5,000 and Bonds Payable ABC $100,000, c. Debit Cash $100,000; Debit Interest Income $5,000 and Credit Bonds Receivable $105,000. d. all of the above e none of the above 50. T. F. Corporations are the only type of business organizations that sell bonds to the public coupon interest rate of 5% and market rate of interest at 4%. Interest on the bond is paid annually. The bond was sold in January 2, 2019, at: a. Premium of $2,000 b. Discount of $2,000 c. At par of $2,000 d. All of the above e. None of the above. 46. Please, refer to the facts of problem 45 above, if the coupon rate were 4% and the market rate were 5%, the bond would have been sold at: a. Premium b. Par c. discount d. fair market value e. None of the above. 47. Please refer to problem 45 above, the contractual annual interest that the borrower is expected to pay is: a. $ 4,000 b. $10,000 C. $5,000 d. $12,000 e. none of the above. 48. Please refer to problem 45, the general journal entries that the Seller of the bond would make on the date of the sale would be: a, Debit Cash $102,000; Debit Premium on Bond $2,000 and Credit Bonds Payable $102,000. b. Debit Cash $102,000; Credit Bonds Premium $2,000 and Credit Bonds Payable $100,000, c. Debit Bonds Payable $100,000; Credit Bonds Interest $5,000 and Credit Cash $105,000 d. Debit Interest Expense $4,000; Debit Bonds Payable $100,000; Credit Cash $104,000. e. None of the above 49. Please, refer to problem 45 above. At the end of 5 years of the life of the bond, the seller or the borrower would make the following Journal entries: a. Debit Bonds Payable $100,000; Debit Interest Expense $5,000 and Credit Cash $105,000. b. Debit Cash $105,000; Credit Interest Income $5,000 and Bonds Payable ABC $100,000, c. Debit Cash $100,000; Debit Interest Income $5,000 and Credit Bonds Receivable $105,000. d. all of the above e none of the above 50. T. F. Corporations are the only type of business organizations that sell bonds to the public