Morris Company issues bonds on January 1, 2019. The contract rate is 8%. The market rate is 8%. The bonds will be issued: at a premium o at a discount at par Question 9 The owner invested $90,000 cash in the company in exchange for common stock. In the journal entry, the company will: Debit Cash $90,000 credit Accounts Receivable $90,000 Debit Cash $90,000; credit Common Stock $90,000 Debit Common Stock $90,000; credit Cash $90,000 Debit Cash $90,000, credit Service Revenue $90,000 Question 10 A company receives $1,980 cash in advance of providing services to a customer. In the journal entry, the company will: Debit Cash $1,980, credit Uneared Service Revenue $1,980 Debit Service Revenue $1.980, credit Cash $1,980 Debit Cash $1,980: credit Service Revenue $1.980 Debit Unearned Service Revenue $1.980, credit Cash $1,980