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Question 41 1 pts Rikki Company received proceeds of $188,000 on 10-year, 6 % bonds issued on January 1, 2017. The bonds had a face

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Question 41 1 pts Rikki Company received proceeds of $188,000 on 10-year, 6 % bonds issued on January 1, 2017. The bonds had a face value of $200,000, pay interest annually on December 31, and have a call price of 101. Rikki uses the straight-line method of amortization. What is the amount of interest Rikki must pay the bondholders in 2017? $11,200 O $12.000 O $13,200 O $10,800 Question 42 1 pts Autumn Company purchased a building on January 2 by signing a long-term $630,000 mortgage with monthly payments of $5.400. The mortgage carries an interest rate of 10 percent The entry to record the first monthly payment will include a debit to the Cash account for $5.400, credit to the Cash account for $5.250 debit to the Interest Expense account for $5,250 credit to the Mortgage Payable account for $5,400

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