Orange Company issued a bond with the following terms and selling price: Face Amount: $200,000.00 Stated Annual Interest Rate: 9.00% Term: 4 years Interest Paid: Annually Selling Price of the Bond $228,367.10 Effective Annual Interest Rate 5.00% What would be the required General Journal entry to record the Bond Interest Payment at the end of the 1st year? Hint: Only work the bond amortization table for the first year. Debit Credit 18,000.00 A. Interest Expense Bonds Payable Cash 6,581.64 11,418.36 B. Interest Expense Bonds Payable 11,418.36 6,581.64 Cash 18,000.00 C. Interest Expense Bonds Payable Cash 18,000.00 2.553.04 20,553.04 D. Interest Expense Bonds Payable 20,553.04 2.553.04 Cash 18,000.00 O Answer A Answer B O Answer C Answer D O None of the answers are correct. Green Company issued bond with the following terms and selling price: Face Amount $400,000.00 Stated Annual Interest Rate: 6.00% Terms 20 years Interest Paid Annually Effective Annual Interest Rate when the Bond was issued 4.00% What would be the required General Journal entry to record the Maturity Payment? Your entry should be for just the Maturity Payment not the Bond Interest Payment Debit Credit A Bonds Payable 400,000.00 Cash 400.000.00 B Cash 400.000.00 Bonds Payable 400,000.00 C. Bonds Payable 508.723.92 Cash 508.723.92 D. Cash 508,723.92 Bonds Payable 508.723.92 Antwer Answers AC AD one of the were correct Outstanding stock refers to the total number of shares: Issued Issued plus treasury stock Issued less treasury stock O Authorized O None of the answers are correct