[The following information applies to the questions displayed below.] Saturn Co. purchases a used machine for $192,000 cash on January 2 and readies it for use the next day at an $8,000 cost. On January 3, it is installed on a required operating platform costing $1,600, and it is further readied for operations. The company predicts the machine will be used for six years and have a $23,040 salvage value. Depreciation is to be charged on a straight-line basis. On December 31, at the end of its fifth year in operations, it is disposed of. 9. value: 18.00 points Mellilo Corporation issued $5,100,000 of 20-year, 9.5 percent bonds on July 1, 2013, at 98. Interest is due on June 30 and December 31 of each year, and all of the bonds in the issue mature on June 30, 2033. Mellilo's financial year ends on December 31. Prepare the following journal entries: a. Prepare the journal entry at July 1, 2013, to record the issuance of the bonds. (Omit the "$" sign in your response.) Date July 1, 2013 Debit Credit General Journal (Click to select) (Click to select) (Click to select) b. Prepare the journal entry at December 31, 2013, to pay interest and amortize the bond discount. (Omit the "S" sign in your response.) Debit credit Date Dec. 31, 2013 General Journal (Click to select) (Click to select) (Click to select) c. Prepare the journal entry at June 30, 2033, to pay interest, amortize the bond discount, and retire the bonds at maturity. (Omit the "$" sign in your response.) Debit Credit Date June 30, 2033 General Journal (Click to select) (Click to select) (Click to select) June 30, 2033 (Click to select) (Click to select) On November 1, Year 1, Noble Co. borrowed $84,000 from South Bank and signed a 14%, six-month note payable, all due at maturity. The interest on this loan is stated separately. 10. value: 3.00 points How much must Noble pay South Bank on May 1, Year 2, when the note matures? $84,000 $86,940. $89,880 $95,760. 11. value: 3.00 points How much interest expense will Noble recognize on this note in Year 2? $11,760 $2,940 $5,880. $3,920 40