Question 17 JOURNAL ENTRIES: What is the journal entry to record the issuance of $100,000 face amount of 10% bonds for $98000 cash? a. Dr. Bonds Payable 98000 Cr. Cash 98,000; b. Dr. Cash 98000 Dr. Premium on Bonds Payable 2,000 Cr. Bonds Payable 100,000; c. Dr. Cash 98000; Cr. Bonds Payable 98000 d. Dr. Cash 98,000; Dr. Discount on Bonds Payable 2,000 Cr. Bonds Payable 100,000 e. None of the above Question 18 FINANCIAL RATIOS: Which financial ratio is defined as Total Current Assets divided by Total Current Liabilities? a. Days' sales in receivables b. Asset turnover ratio c. Times interest earned ratio d. Profit margin ratio e. None of the above