Which of the following is NOT true about a contingent liability a. Depends on future outcome of past events b. Must be recorded if it is remote c. Must be disclosed if it is reasonably possible d. None of the above The Singletary Company issued a $500,000. 5-year. 6% bond at par. It is a semiannual bond with interest paid on June 30th and December 31st. The entry to record the sale of the bond would include a: a. $500,000 credit to Cash. b. $500,000 debit to Accounts Payable. c. $30,000 credit to Bonds Payable. d. $500,000 credit to Bonds Payable