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On January 1 of the current year, the Barton Corporation issued 11% bonds with a face value of $59,000 The bonds are sold for $57,230.

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On January 1 of the current year, the Barton Corporation issued 11% bonds with a face value of $59,000 The bonds are sold for $57,230. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is Ca. $6,844 b. $541 c. $6,490 d. $1,770 Nevada corporation has 43,022 shares of $20 par stock outstanding that has a current market value of $157 per share. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be a. 43,022 b. 215,110 c. 8,604 d. 430,220 Print item On February 1 of the current year, Motor, Inc. issued 800 shares of $5 par common stock to an attorney in return for preparing and filing the Articles of Incorporation. The value of the services is $8,700. Journalize this transaction. If an amount box does not require an entry, leave it blank. Feb. 1

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