QUESTION 22 Bond D 8% 996 Given the following information, which bond(s) will issue at a discount? Bond A Bond B Bond C Stated Rate of Return 8% 12% 10% Market Rate of Return 896 10% 11% A. Bond A B. Bond B C. Bond C and Bond D D. None of the above QUESTION 23 On January 1, 2020 Truffle Corp entered into a five-year installment note for $100,000 at 7% interest. The note requires a monthly payment of $1,980, Question 1: The journal entry to record the payment on January 31, 2020 will include a: Debit of $583 to Interest expense Question 2: What is the new Carrying Value of the Note Payable after the journal entry? Question 1 Answer Selection QUESTION 24 Debit of $583 to interest expense Debit of $1,980 to Interest expense Debit of $417 to interest expense Credit of $1,980 to Interest expense Question 2 Answer Selection Which of the following are classified as a source of debt financing (liability): 1. Bond II. Installment Note III. Note Payable IV. Common Stock 598,437 A. All of the above $93,000 B. I and Il only $98,603 C. l. ll and ill only $98,020 D. II, II, and IV only QUESTION 29 Bond D 8% 10% 996 79 Given the following information, which bond(s) will issue at face value? Bond A Bond B Bond C Stated Rate of Return 9% 896 Market Rate of Return 10% 8% A. Bond A B. Bond B C. Bond C and Bond D D. Bond D