Use the following to answer questions 9-10: Golden Company received proceeds of $94,250 on 10-year, 8 % bond issued on January 1st, 2017. The bonds had a face value of $100,000, pay interest semi-annually on June 30th and December 31st, and have a call price of 101. Golden uses the straight-line method of amortization. 9, What is the amount of interest Golden must pay the bondholders in 2017? A) $7,540 B) $8,000 C) $8,575 D) $7,425 Pg. 4 10. Golden Company decided to redeem the bonds on January 1, 2019. What amount of gain or loss would Golden report on its 2019 income statement? A) $4,600 gain B) $5,600 gain C) $5,600 loss D) $4,600 loss Use the following to answer questions 11-12: Delmar Company purchased a building on January 2 by singing a long-term $840,000 mortgage with monthly payments of $7,700. The mortgage carries an interest rate of 10 percent. 11. The entry to record the first monthly payment will include a A) Debit to the Cash account for $7,700. B) Credit to the Cash account for $7,000. C) Debit to the Interest Expense account for $7,000. D) Credit to the Mortgage Payable account for $7,700. 12. The amount owed on the mortgage after the first payment will be A) $840,000. B) $839,300. C) $833,000. D) $832,300 Usc the following to answer questions 13-14