Plz answer as many as you can if not all. ASAP PLZ
The interest paid on the date of maturity of a $20,000, fourmonth (120 day) note at 9% is: $1,800.$20,600.$21,800.$600. Use this information to answer the following question. The transactions below pertain to Broyer Company, whose fiscal year ends December 31. Dec. 11 Borrowed cash of $25,000, signing a 90-day, 12 percent, $25,000 note. Dec. 31 Made end-of-year adjusting entry to accrue interest. Assume a 360-day year Rounded to the nearest dollar, the interest expense on the note payable recognized on the maturity date would include a: Debit to Interest Expense for $583. Credit to Cash for $167. Debit to Interest Expense for $167. Credit to Notes Payable for $750. Sensible Insurance Company collected a premium of $18,000 for a 1-year insurance policy on October 1. What amount should Sensible report as a current liability for Unearned Service Revenue at December 31? $0. $18,000. $4,500. $13,500. Eastern Power Company has a balance in its Estimated Warranty Liability account of $1,300 on January 1. During the year, East Power made sales of $160,000 and expects product warranties to cost the company 7% of sales. During the year, East Power paid $2,900 on warranty work performed. Wat is the Estimated Warranty Liability account balance on December 31? $4,200 $2,900 $9,600 $11,200 If the market interest rate is higher than the stated interest rate at the date of issuance, bonds will: Sell at par value. Sell at an issue price above par value. Sell at an issue price below par value. Not sell until the face interest rate is adjusted. A bond with a face value of $1,000 has a current price quote of 96.75. This bond is selling for $867.50. $1,017.50. $1,067.50. $967.50. Any unamortized bond premium should be reported on the balance sheet of the issuing corporation as a(n): Asset account. Deduction from Bonds Payable in the liability section of the Balance Sheet when calculating bond carrying value. Addition to Bonds Payable in the liability section of the Balance Sheet when calculating bond carrying value. Deduction from retained earnings in the stockholders' equity section. When bonds are issued at a discount, interest expense over the life of the bonds is equal to the amount of: Interest cash payments made over the life of the bonds minus the discount. Interest payments made over the life of the bonds. Interest cash payments made over the life of the bonds plus the discount. Bond discount balance at the time of bond issuance. Suffolk Corporation issued $90,000 of 20-year, 6 percent bonds at 98 on January 1 . The straight-line method of amortization is to be used. The bonds pay interest annually on December 31. How much interest expense will be recognized on December 31 ? \begin{tabular}{c} $5,400. \\ \hline$2,745. \\ \hline$5,490 \\ \hline$2,700 \end{tabular} A $300,000 bond issue with a carrying value of $310,000 is called at 104 and retired. The entry to record the retirement would include: A gain of $2,000. A loss of $2,000. A loss of $12,000. A gain of $12,000
