Schmid Corporation issues $490,000,8%, 5-year bonds on January 1, 2019 for $479,000. Interest is paid semiannually on January 1 and July 1. If Schmid uses the straight-line method of amortization of bond discount, the amount of bond interest expense on July 1, 2019 is; O A. $40,300 OB. $20,700 O C. $19,600. OD. $18,500 Remini Company sells equipment for $20,000 cash. The equipment has a historical cost of $80,000 and accumulated depreciation of $53,000. What is the journal entry to record the sale of the equipment? O A debit Cash for $20,000 and credit Gain on Sale of Equipment for $20,000 O B. debit Cash for $20,000, debit Accumulated Depreciation - Equipment for $53,000 and credit Equipment for $73,000 O C. debil. Loss on Sale of Equipment for $7.000, debit Cash for $20,000, debit Accumulated Depreciation - Equipment for $53,000 and credit Equipment for $80,000 O D. debit Cash for $20,000, debit Accumulated Depreciation - Equipment for $53,000, debit Gain on Sale of Equipment $7.000 and credit Equipment for $80,000 At the beginning of last year, Brentwood Corporation purchased a piece of heavy equipment for $65,000. The equipment has a life of five years or 100,000 hours. The estimated residual value is $5,000. Bremond used the equipment for 22.000 hours last year and 26,000 hours this year. Depreciation expense for your two using double declining balance (DDB) and units-of-production (UOP) methods would be as follows: (Carry all rates to two decimal places, XX) DDB UOP O A. $14.400 $15,600 OB. $15,600 $15,600 OC. $14,400 $16,900 OD $15,600 $16,900 Maybelline Corporation issues $2,700,000, 10-year, 8% bonds dated January 1 at 104. The journal entry to record the issuance will include a O A. credit to Premium on Bonds Payable for $108,000 O B. debit to Cash for $2,700,000. O C. credit to Bonds Payable for $2,800,000 OD. credit to Cash for $2,808,000