Question 21 Sensible Insurance Company collected a premium of $18,000 for a 1-year insurance policy on April 1. What amount should Sensible report as a current liability for Unearned Insurance Revenue at December 31? O $13,500 $4,500 $18,000 $0 Question 22 On January 1, 2017, Slice Corp. issues $200,000 of 5-year, 7% bonds at face value. Which one of the following is one effect of the entry to record the issuance of the bonds? Credit to Bonds Payable for $200,000 Credit to Bond Interest Expense of $14,000 Credit to Cash for $14,000 O Debit to Bonds Payable for $200,000 Question 23 A corporation shows the following account balances: Retained earnings Treasury stock Dividends payable Paid-in capital in excess of par value Common stock $300,000 10,000 20,000 55,000 200,000 How much is total stockholders' equity? O $545,000 O $555,000 O $525,000 $565,000