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QUESTION 31 Assume that Blake Company issues a ten-year $100.000. 6% bond to yield 4 for $116.221.79 on January 1, 2016 and interest payments are
QUESTION 31 Assume that Blake Company issues a ten-year $100.000. 6% bond to yield 4 for $116.221.79 on January 1, 2016 and interest payments are due on December 31st of each year. On December 31, 2016 the company paid the bondholder the annual payment of $6.000. The journal entry to record the first payment on December 31, 2016 will include O A a debit to bond premium of $ 1.351.13 OB. a credit to bond discount of 5 1.351.13 C. a debit to interest expense of $ 6.000. OD. a debit to interest expense of $4,000 O E a credit to bond premium of $1.351.13. QUESTION 33 Wesley Company issues a ten year $100,000.4% zero coupon bond on January 1, 2019 for $67.556.42. of Wesley is amortizing the bond correctly, the interest for the second year would be OA. $ 2.810.35 OB. $2.594.17 OC. some other number OD. $ 4.000.00 E. $ 2.702.26 6.25 points Save Answer QUESTION 34 Andrew is buying a new BMW for $48.000. He put no money down and is paying in 5 equal annual payments of 510.782.10 which include interest at 496. If he is amortizing the loan correctly, what will his principal balance be after the second payment? O A. some other number OB.5 37.217.90 OC. $29.921.32 OD. 59.216.58 O E. $ 39,137.90
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