Eddie Industries issues $1, 500.000 of 8% bonds at 105, the amount of cash received from the sale is $ 1, 425.000 $1, 080.000 $1,000.000 $1, 575.000 Bonds with a face amount $1,000,000 are sold at 98. The entry to record the issuance is Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $15, 500. If the issuing corporation redeems the bonds at 98.5, what is the amount of gain or loss on redemption? $500 loss $15, 500 loss $15, 500 gain $500 gain When the bonds are sold for more than their face value, the carrying value of the bonds is equal to face value face value plus the unamortized discount face value minus the unamortized premium face value plus the unamortized premium If a company borrows money from a bank as an installment note, the interest portion of each annual payment will equal the interest rate on the note times the carrying amount of the note at the beginning of the period remain constant over the term of the note equal the interest rate on the note times the face amount increase over the term of the