Question 23 (20 points) A 5-year, $100,000 bond with a stated interest rate of 8.00%. The market rate is 12.00%. Interest is to be paid semi-annually. What is the journal entry to record interest payments in year three (Using the straight-line method of amortization) a) Debit Interest Expense 5,472.06 and Credit Cash 5,472.06 b) None of these entries is correct Oc) Debit Interest Expense 5,472.06, Credit Discount Amortized 1.472.06 and Credit Cash 4,000 d) Debit Cash 4,000 and Debit Discount Amortized 1.472.06 and Credit Interest Expense 5.472.06 Question 24 (1 point) Saved Mogor Corp sells a subscription to a monthly publication. The annual subscription fee, which is paid in advance, is $165.60. Ndege purchases a subscription on 01 May. What would be proper journal entry on 01 June for Mogor Corp? a) Debit Subscription Revenue 165.60 and Credit Unearned Subscription Revenue 165.60. Yonin 13 RO