If $802,000 of 12% bonds are issued at 102 1/2, The amount of cash received from the sale is Oa. $601,500 Ob. $802,000 Oc. $898,240 Od. $822,050 Equipment with a cost of $152,005 has an estimated residual value of $7,862 and an estimated life of 6 years or 14,441 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,623 hours? Oa. $6.00 Ob. $3979 Oc. $36,163 01 Od. $24,023.83 Martinez Co. borrowed $56,173 on March 1 of the current year by signing a 60-day, 11%, interest-bearing note. Assuming a 360-day year when the note is paid on April 30, the entry to record the payment should include a Oa. debit to Interest Payable for $1,030, Ob. debit to interest Expense for $1,030. Oc. credit to Cash for $56,173. O d. credit to Cash for $62,352