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Question 37 If a $1.000, one year 8% bond is sold for $990, what is included in the journal entry to record the bond issuance?
Question 37 If a $1.000, one year 8% bond is sold for $990, what is included in the journal entry to record the bond issuance? O Adebit to Cash for $1.000 O Adebit to Bond Discount for $10 O Acredit to Bond Payable for $990 O Acredit to Bond Discount for $10 Question 38 If a $1.000, one year 8% bond is sold for $990, what is included in the journal entry to record the maturity of the bond O Acredit to Cash for $1,000 O Adebit to Bond Discount for $10 O Adebit to Bonds Payable for $990 O A credit to Bond Discount for $10 D Question 39 On January 1, 2019. a $1.000, one year 8% bond is sold for $1,009 at the time the market rate is 7%. What is the interest expense in 2019? O $80 O $71 O $70 Question 40 On January 1, 2019. a $1,000, one year 9% bond is sold for $992 at the time the market rate is 10%. What is the interest expense in 2019? 0 $90 O $100 O $99 O $90
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