Horton Micro Chip Company issued $100,000 of face amount of 6-year bonds on January 1,201. The bonds were issued at 103 , and bear interest at a stated rate of 8% per annum, payable semiannually. The premium is amortized by the straight-line method. (a) Prepare the journal entry to record the initial issue on January, 201. Question 2 1 pts Question 3 1pts What is the journal entry that Horton would record at the maturity of the bonds. If Horton Micro Chip Company issued another new bond of 100 of its 5 -year, 8% bonds at par, the following entries would be required : Question 5 1 pts If Horton Micro Chip Company issued another new bond of 100 of its 5 -year, 8% bonds at par, what would be the journal entry every six months for the next five years? Question 6 1 pts If Horton Micro Chip Company issued another new bond of 100 of its 5 -year, 8% bonds at par, what would be the Journal Entry at maturity of the bond? If Horton Micro Chip Company issued another new bond of 100 of its 5 -year, 8% bonds at par, what would be the Journal Entry at maturity of the bond? Question 7 1 pts Secured bonds are backed by the federal government. True False Question 8 1 pts We can calculate the issue price of a bond as the face amount plus the total periodic interest payments. True False Question 9 1 pts The market interest rate represents the true interest rate used by investors to value a company's bond issue. True False Question 7 1 pts Secured bonds are backed by the federal government. True False Question 8 1 pts We can calculate the issue price of a bond as the face amount plus the total periodic interest payments. True False Question 9 1pts The market interest rate represents the true interest rate used by investors to value a company's bond issue. True False Question 10 1 pts The stated interest rate is the rate quoted in the bond contract used to calculate the cash payments for interest. True False