Question 17 Wildhorse Co. received proceeds of $731000 on 10-year, 8 % bonds issued on January 1, 2016. The bonds had a face value of $776000, pay interest annually on December 31st, and have a call price of 103. Wildhorse uses the straight-line method of amortization. What is the amount of interest expense Wildhorse will show with relation to these bonds for the year ended December 31, 2017? $66580 $57580 $62080 $58480 Question 16 Cheyenne Corp. had the following transactions during 2017: 1. Issued $220000 of par value common stock for cash. 2. Recorded and paid wages expense of $105600. 3. Acquired land by issuing common stock of par value $88000. 4. Declared and paid a cash dividend of $17600. 5. Sold a long-term investment (cost $5280) for cash of $5280. 6. Recorded cash sales of $704000. 7. Bought inventory for cash of $281600. 8. Acquired an investment in Zynga stock for cash of $36960. 9. Converted bonds payable to common stock in the amount of $880000. 10. Repaid a 6-year note payable in the amount of $387200. What is the net cash provided by operating activities? $422400 $536800 $510400 $316800 Question 15 Stan's Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $115000, terms 2/10, n/30. Returned $2600 of the shipment for credit. Paid $400 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's inventory increased by $110152. increased by $110552 increased by $112800. increased by $110544. S Kimmel, Accounting, 6e NEX BACK CALCULATOR : 06:10 PM/ Remaining: 100 min. Question 14 A company purchased office supplies costing $4300 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $770 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be: debit Supplies Expense, $3530; credit Supplies, $3530. debit Supplies, $3530; credit Supplies Expense, $3530. debit Supplies, $770; credit Supplies Expense, $770. debit Supplies Expense, $5070; credit Supplies, $5070