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Rhyolite issued a 5 year, $1,000,000 bond with a stated interest rate of 6% on January 1. At the date of Issue, the market rate of interest was 6%. What is the correct joumal entry on January 17 (Round to the nearest $10 ) Cash 1,000,000 Premium B/P 60.000 Bond Payable 1,000,000 Cash 940,000 Discount B/P 60,000 Bond Payable 1,000,000 Cash 1,000,000 You are piannins to save $20,000 a year beginning today to buy a house. How mueh will you have in the savings account at the end of 10 years, assuming a market rate of interest of 56 ) (Round to the nearest $1 1). $154,435$249,500$251,558$122,102 Bulthrog Company entered onto a contract toxtay that prormires to pay $2.000.000 at the end of five yeare. What w the contract worth teday, astuming an interest rate of $2,805,100$2,000,000$1,425,980$1,567,060 Rhyolite issued a 5 year, $1,000,000 bond with a stated interest rate of 6% on January 1. At the date of issue, the market rate of interest was 6%. What are the financial statement effects of the January 1 transaction? assets increase, liabilities increase, stockholders' equity does not change. assets decrease, liabilities decrease, stockholders' equity does not change. assets increase, liabilities increase, stockholders' equity decreases. assets increase, liabilities increase, stockholders' equity increases