pls solve Q1 of Mcqs

Chapter 15 Q1. Multiple choice Question 1. Bonds that are backed only by the good faith of the borrower are referred to as:BKK A) mortgage bonds B) debenture bonds C) serial bonds D) registered bonds 2. Kuhnapfel Corporation issues $1,000,000, 8%, five-year bonds at face value. The total interest expense over the life of the bonds is: A) $400,000A B) $800,000 C) $600,000 D) $80,000 3. $1,000 bond quoted at 104.375 is selling for:CKK A) $1,043.80 B) $1,040.38 C) $1,043.75 D) $1,004.80 4. Jackson Corporation issues $400,000, 10%, five-year bonds at 97. The total interest expense over the life of the bonds is:C A) $188,000 B) $212,000 C) $200,000 D) $40,000 5. A bond issued with a maturity value of $200,000 and a carrying amount of $195,500 is paid off at 98.5 and retired. The gain or loss on this transaction is: A) $3,000 loss B) $3,000 gain C) $1,500 gain D) $1,500 loss 6. Bonds with a maturity value of $100,000 and a carrying value of $104,000 are converted into common shares. The entry will include a:D A) debit to Bonds Payable for $104,000 B) credit to Premium on Bonds Payable for $4,000 C) credit to Common Shares for $104,000 D) credit to Common Shares for $100,000