QUESTION 47 Zach Co. Issued a 10-year, $100,000 face, 8% coupon rate bond to yield 12%. The journal entry to record the issuance of the bond would include: A. A debit to bond discount of $22,600.89 B. A credit to premium on bonds payable of $ 22,600.89 C. A credit to bonds payable of $ 77,399.11 D. A credit to interest payable of $7,739.91 E. A debit to cash of $100,000.00 QUESTION 48 For Zach Company's bonds, if they were issued the first day of 2019 (8% face priced to yield 12%) and the first year's interest was paid on December 31, 20198, the entry to record that interest would include: A. A debit to interest expense of $8,000.00 B. A credit to cash of $8,771.09 C. A credit to bond discount of $ 1,287.89 D. A credit to interest payable of $8,000.00 E. A debit to bond discount of $ 1,287.89 QUESTION 49 5 points You have noticed an ad listing a motel for sale. After doing some research, you estimate that the 20 rooms can be rented for $60 per day with an occupancy rate of 80% per year. You have found a management Company that will run the motel and take care of daily housekeeping for 10% of the rents. You estimate that repairs and maintenance costs will be $3,000 per month and that other cash expenses will be $4,000 per month. You plan to sell the motel at the end of the third year for $500,000. How much are annual net cash flows? What would be the annual net cash flows for the motel? OAS 231,360 8.558,948 C$ 119,040 D. 5 262,336 E none of the listed choices