makes a sale for $400. The company is required ording this sale, Zor will debit Cash for $400 A li Sales Revenue for $400. cu debit Sales Tax Payable for $36 Didebit Sales Tax Expense for $16. E) credit Sales Revenue for $436 as a 24) On August 1, 2019. Paige's Dance Compar note. The a distin Dance Company borrow $45.000 from Adirondack Baron he adjusting journal entry to asce interest December 31, 2019 win A) debit to Interest Expense for $1,500. B) credit to Interest Payable for $1,125. C) credit to Interest Expense for $1,125. D) credit to Cash for $1,125. E) credit to Interest Payable for $1.500. - will include onth, 6% 25) Carlson Inc. issues 20-year, 6% bonds with a face value year, 6% bonds with a fece value of $200.000. If the bonds are issued at a discount A) The market interest rate is less than 6%. B) The market interest rate is greater than 6% C) The market interest rate is 6%. D) No relationship exists between the market interest rate and the bond's 6% interest rate 20) On the balance sheet, the account Discount on Bonds Payable is: A) classified as a contra-equity account. B) subtracted from Bonds Payable. 2) classified as an expense account. D) a long-term liability account. classified as a contra-asset account. Maxwell Manufacturing issued $470,000, 11-year, 9% bonds at 106.75. What is the issue price of these nds? $501,725 512,300 438,275 470,000 company issues $500,000 in bonds at an issue price of 98. When recording this transaction, the clude a: Ft to Cash of $490,000. Ft to Premium on Bonds Payable of $10,000. to Bonds Payable of $490,000. to Bonds Payable of $500,000. to Discount on Bonds Payable of $10,000