QUESTION 65 On December 1, 2019, Paradise Pizza Corp. borrowed $40,000 from Aloha State Bank by issuing a 3-month, 6% promissory note. What amount of interest expense should be accrued on the note by Paradise Pizza in its December 31, 2019 year-end adjusting entry? O A. $800 O B. $200 O C. $0 O D. $600 QUESTION 67 A company wishes to accumulate $100,000 for the future retirement of bonds by making 6 equal annual deposits at the end of each year, starting one year from now. Assuming an 8% interest rate, what is the required amount of each deposit? O A. $21,632 O B. $16,667 O C. $13,632 O D. $63,017 QUESTION 64 The selling price of a bond is calculated as the O A. Present value of the face amount of the bond plus the present value of the periodic interest payments, discounted using the contractual interest rate. O B. Face amount of the bond plus the total of the periodic interest payments. O C. Future value of the face amount of the bond plus the future value of the periodic interest payments, discounted using the contractual interest rate. O D. Present value of the face amount of the bond plus the present value of the periodic interest payments, discounted using the market interest rate