Here's the deal. I need help with these two accounting questions. I'll only rate best answer if you show work of how you got your answer.

A bond with a face value of $100,000 and a quoted price of 98 1/4 has a selling price of

A, $98,250.

B. $98,025.

C. $98,002.

D. $98,500.

On October 1, Jane's Painting Service borrows $50,000 from National Bank on a 3-month, $50,000, 6% note.

What entry must Jane's Painting Service make on December 31 before financial statements are prepared?

A. Debit Interest Expense, $750; Credit Notes Payable, $750

B. Debit Interest Expense, $750; Credit Interest Payable, $750

C. Debit Interest Expense, $3,000; Credit Interest Payable, $3,000

D. Debit Interest Payable, $750; Credit Interest Expense, $750