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U Question 50 Greenwich Company issues $2,000,000 face value, 9%, 10-year bonds payable on January 1, Year 1. Interest is paid semiannually each June 30 and December 31. The bonds sell at a price of 98: Greenwich used the straight-line method amortizing bond discount or premium The entry made by Greenwich Company to record issuance of the bonds on January 1, Year 1 includes: Adebit to cash of $2,000,000 A debit to discount on bonds payable of $40,000 Acredit to bonds payable of $1.960,000 Acredit to bond interest payable of $40,000 Question 51 Greenwich Company issues $2,000,000 face value, 9%, 10-year bonds payable on January 1 Year 1. Interest is paid semiannually each June 30 and December 31. The bonds sell at a price of a: Greenwich used the straight-line method amortizing hond discount or premium The entry made by Greenwich on June 30, Year 1 to record the first semiannual payment of interest and amortization of any discount or premium includes: a debit to Bond interest Expense for $90,000 a credit to of Cash of $92.000 a debit to Discount on Bonds Payable for $2.000 a debit to Bond Interest Expense for $92.000