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Godwin Corporation retires its bonds at 105 on January 1, after the payment of interest. The face value of the bonds is $560,000. The carrying

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Godwin Corporation retires its bonds at 105 on January 1, after the payment of interest. The face value of the bonds is $560,000. The carrying value of the bonds at retirement is $582.500. The entry to record the retirement will include a O A credit of $5,500 to Loos on Retirement of Bonds OB credit of $5,500 to Gain on Retirement of Bonds C. debit of $28,000 to Premium on Bonds Payable OD. debit of $22.500 to Premium on Bonds Payable Illinois Bank lends Lisle Furniture Company $110,000 on December 1. Lisle Furniture Company signs a $110.000. 6%. 4-month note. The total cash paid at maturity of the note is: (Round your final answer to the nearest dollar) O A $112.200 OB $110.000 OC $116.600 OD 5113.300 Cubs Corporation issues 5480,000,8%, 5-year bonds on January 1, 2019 for $479.000. Interest is paid annually on January 1, IF Cubs Corporation uses the straight-line method of amortization of bond discount, the amount of interest expense recorded at December 31, 2019 would be: O A $38.200 B38.400 C. 51.000 OD 538 600

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