On January 1, a company issues bonds dated January 1 with a par value of $230,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 6% and the bonds are sold for $239,811. The journal entry to record the issuance of the bond is: 12 Multiple Choice O Debit Bonds Payable $230,000; debit Bond Interest Expense $9,81t, credit Cash $239,811. o 0 Debit Cash $23.81 credit Premium on Bonds Payable 59.8 credit Bonds Payable $230,000 o Debit Cash $230,000 debit Premium on Bonds Payable 9.81 credit Bonds Payable $239,81 Debit Cash $239,811 credit Bonds Payable $239,811, o o Debit Cash $23.81, Discount on Bonds Payable at credit Bonds Payatie 230,000 o Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the Journal entry necessary to record the repurchase of stock on June 30? Multiple Choice Debt Common Stock $100, debt Treasury Stock $3,900; Credit Cash $4,000. Debit Cash $4,000 credit Treasury Stock $4,000 Debit Common Stock $4.000 credit Cash $4.000 Debit Treasury Stock $3.900: debit Paid in Capital, Treasury Stock $100 Credit Cash $4.000 C Debit Treasury Stock, Common $4.000 Credit Cash $4,000 Morgan Company issues 10%, 20 year bonds with a par value of $660,000 that pay interest semiannually. The amount paid to the bondholders for each semiannual interest payment is 5300. $66,000. 433000 529700