QUESTION 6 A bond is issued at a par value of $800,000. The current balance in the Premium on Bonds Payable account is a $20,000 credit. What is the carrying value of the bond? O a $300,000 Ob. 5820.000 Oc5780,000 O d. 520,000 QUESTION 7 MNO Co. issues 5500,000 2 year, 6 bonds at par. The journal entry to record this issuance would be: a. DR: Cash $500.000: CR: Bonds Payable $500.000 Ob. DR: Cash 5515.000 CR: Bonds Payable $500,000: CR: Bond Interest Expense 515,000 O DR: Cash 5515,000: CR: Bonds Payable 5515.000 O d.or: Bonds Payable 5500.000: CR: Cash $500.000 QUESTIONS MNO Co. issues 5500.000 2-year 6 bonds at par. The journal entry to record the maturity (payment of this bond would be: DR: Cash 5515,000 CR: Bonds Payable $500,000: CR: Bond Interest Expense 515.000 Ob.DR: Cash 5515.000:CR: Bonds Payable 5515.000 CDR Cash 5500,000 CR Bonds Payable 5500.000 d.OR: Bonds Payable 5500.000: CR: Cash 5500.000