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please answer 48 and 49 Question 48 3.33 pts Stevens Company has $200,000 par value of bonds outstanding. When the balance in Discount on Bonds
please answer 48 and 49 Question 48 3.33 pts Stevens Company has $200,000 par value of bonds outstanding. When the balance in Discount on Bonds Payable is $3.000 (after semi-annual interest is paid and the discount is amortired), Stevens calls these bonds and pays 102 to the bondholders. The journal entry to record the retirement of these bonds would include: Debit to Loss on Bond Retirement of 7,000 Debit to Bonds Payable of $197.000 Debit to Discount on Bonds Payable of $3.000 Debit to low on Band Retirement of 4,000 D Question 49 3.33 pts The market or issue price of a bond is equal to The present value of the bonds' cash payments at the stated rate of interest The future value of the bonds' cash payments at the stated rate of interest The present value of the bonds' cash payments at the market rate of interest The future value of the bonds cash payments at the market rate of interest
please answer 48 and 49
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