Question Completion Status: Moving to another question will save this response. Question 3 On January 1, a company issued a $500,000, 10%, 8-year bond payable, and received proceeds of $487,000. Interest is payable each June straight-line method to amortize the discount. The amount of discount amortized each period is: O $13,000 $812.50 $875 $875.50 Moving to another question will save this response. a O omatically. this response. Question 3 of 5 1 points Save Answer 900, 10%, 8-year bond payable, and received proceeds of $487,000. Interest is payable each June 30 and December 31. The company uses the unt. The amount of discount amortized each period is: Question 3 of 5 this response. lains Question Completion Status: Moving to another question will save this response. Question 2 On January 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received proceeds of $392,000. Interest is pa uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is: O Debit Bond Interest Expense $14,000; debit Discount on Bonds Payable $200; credit Cash $14,200 O Debit Bond Interest Expense $13,800; debit Discount on Bonds Payable $200, credit Cash $14,000 O Debit Bond Interest Expense $14,400; credit Cash $14,000; credit Discount on Bonds Payable $400 O Debit Bond Interest Expense $28,000; credit Cash $28,000 A Moving to another question will save this response. se. Question 2 of 5 1 points Save Answer and December 31. The company 5, 7%, 10-year bond payable, and received proceeds of $392,000. Interest is payable each June t. The journal entry to record the first interest payment is: ount on Bonds Payable $200; credit Cash $14,200 ount on Bonds Payable $200; credit Cash $14,000 sh $14,000 credit Discount on Bonds Payable $400 sh $28,000 >> ise. >> 1 points Save Answer of $550,000 that pay interest semiannually. The market rate on the date of issuance was 8%. The journal entry to record each semiannual interest sh $22,000 ash $550,000 sh $44,000. Eh $22,000. Question 1 of 5 > >> se. 19:31