On January 1, 2019, ABC Company performed services for a client in exchange for a cash down payment of $50,000 and 5-year, $300,000, 6% interest bearing note with the interest to be paid at the end of each year (Dec 31). The customer had a credit rating that required the money be borrowed at 10%. How much Service Revenue should ABC recognize on January 1, 2019? $304,511 O $236,300 O $254,300 O $254,538 Question 18 4 pts On January 1, 2019, XYZ Co. issued a $500,000, 8%, 5-year bond for $461,384. The bonds pay interest semiannually on June 30 and December 31. The effective rate on the date of issue was 10% APR. What was the carrying value of the bond at December 31, 2019 after the interest payment had been recorded? O $455,246 O $477,522 O $464,453 O $471,060