Xcourse_id=_556543_18_content_id = 20 Question Completion Status: QUESTION 17 O Manco received $100,000 in exchange for issuing $100,000 bonds at their face value. What is the correct journal entry to record this transaction? Bonds payable.. 100,000 Cash 100,000 Cash 100,000 Bonds payable 100,000 Cash... 100,000 Notes payable 100,000 Notes payable 100,000 Cash 100,000 QUESTION 18 A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. What is the journal entry necessary to record the repurchase of stock on June 302 Debit Common Stock $4,000; credit Cash $4,000. Debit Common Stock $100; debit Treasury Stock $3,900; credit Cash $4,000 Debit Treasury Stock $3,900; debit Additional Paid in Capital $100; Credit Cash 54,000. Debit Treasury Stock $4,000; credit Cash $4,000 Debit Cash $4,000; credit Treasury Stock $4,000. QUESTION 19 A bond issue with a face amount of $500,000 bears interest at the rate of 7%. The current market rate of interest is 8. These bonds will sell at a price that is: Equal to $500,000 More than $500,000 Less than $500,000 The answer cannot be determined from the information provided