Your company sells $200,000 of bonds for an issue price of $209,000. Which of the following statements is correct? Multiple Choice The bond sold at a price of 52.25, implying a discount of $9,000. The bond sold at a price of 104.50, implying a premium of $9,000. The bond sold at a price of 52.25, implying a premium of $9,000. The bond sold at a price of 104.50, implying a discount of $9,000 Sierra Blanca Co. is required to match $82,620 for its portion of FICA and $8,460 for federal and state unemployment taxes. The entry to record Sierra Blanca's payroll taxes includes: Multiple Choice credit to Peyroll Tax Expense for $91,080 debit to FICA Payable for $82620 debit to Payroll Tex Expense for $91,080. debit to Unemployment Tax Peyeable of $8,460 On November 1, 2018, Sky Mountain Co. borrowed $200,000 cash on a 1-year, 6 % note payable that requires Sky Mountain to pay both principal and interest on October 31, 2019. Given no prior adjusting entries have been recorded, the adjusting journal entry on December 31, 2018, Sky Mountain's year-end, would include a: Multiple Choice credit to Note Payable of $2,000. debit to Interest Expense of $12.000. credit to Interest Peyable of $2.000. credit to Cesh of $2.000. Many lending agreements require the borrowing company to maintain certain financial standards as demonstrated by its financial statements. This feature is known as a Multiple Choice bond certificete renegotiation loan covenant contingent liability The Discount on Bonds Payable account is: Multiple Choice expensed only at the bond's maturity. an expense account. a miscellaneous revenue account. a contra account to Bonds Payable