Click Submit to complete this assessment. Question 5 A company has bonds outstanding with a par value of $97,000. The unamortized discount on these bonds is $4,500. The company call on retirement is $7,500 loss O $1.500 loss O $1,500 gain O $3,000 loss A Click Submit to complete this assessment. Save and Submit >> A Moving to another question will save this response. Question 1 1 points Saved A company issued 8%, 15-year bonds with a par value of 5550,000 that pay interest semiannually. The market rate on the date of issuance was 8% The journal entry to record each seiniannual interest payment is O Debit Bond Interest Expense $22,000, credit Cash $22,000 Debit Bond Interest Expense $550,000, credit Cash $550,000 O Debit Bond Interest Expense $44,000, credit Cash S44,000 o Debit Bond Interest Payable $22,000, credit Cash $22,000 A Moving to another onestion will save this response. Question 1 of 5 Question 2 1 points Save Answer On January 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received proceeds of $392,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is Debit Bond Interest Expense $14,000, debit Discount on Bonds Payable $200, credit Cash $14,200 O Debit Bond Interest Expense $13,800; debit Discount on Bonds Payable $200, credit Cash $14,000 O Debit Bond Interest Expense $14,400, credit Cash $14,000, credit Discount on Bonds Payable $400 Debit Bond Interest Expense $28,000, credit Cash $28,000 Remaining Time: 05 minutes, 40 seconds. Less than half of the time rem Question Completion Status: A Moving to another question will save this response. Question 3 of 5 Question 3 1 points Save Ans On January 1, a company issued a $500,000, 10%, 8-year bond payable, and received proceeds of $487,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The amount of discount amortized each period is: O $ 13,000 e-5812.50 $875 O $875.50 Question 3 of 5 Moving to another question will save this response. Remaining Time: 05 minutes, 19 seconds. Less than half of the time remains. Question Completion Status: Moving to another question will save this response.