* Had Debt Expenses is reported on the income talement part of cost of goods sold an operating expense a contra da controvence 9. Investing activities include a borrowing from creditors bobtaining capital from shareholders. e. repaying money previously borrowed. d. lending cash to a third party 10. Herman Corporation issues $2,000,000, 10-year, 8%, bonds dated January 15, 2021, a 9%. The journal entry to record the issuance will show . debit to Cash for $1,960,000. b. credit to Premium on Bonds Payable of $40,000. c. credit to Discount on Bonds Payable for $40,000 d. credit to Bonds Payable for $2,040,000. 11. If the market interest rate is 10%, then a $10,000, 12%, 10-year bond that pays interest annually would at an amount a. less than face value. b. greater than face value. c. equal to face value. d. that cannot be determined. 12. A $600,000 bond was redeemed at 102 when the unamortized premium was $22,000. The entre the redemption would include a a. loss on bond redemption of $34,000. b. loss on bond redemption of $10,000. c. gain on bond redemption of $10,000. d. gain on bond redemption of $34,000. 13. All the following intangible assets are amortized except a. copyrights. b. goodwill. c. limited-life franchises. d. patents. When using debits and credits to record transactions, the word "credit" refers to the a. offset side of an account. b. increase side of an account. c decrease side of an account. d. right side of an account