D Question 7 3 pts The journal entry to record the declaration of dividends on common stock includes a debit to Retained Earnings and a credit to Bonds Payable. D True False Question 8 3 pts When the contract rate on a bond issue is less than the market rate, the bonds will generally sell at a premium. True O False 3 pts Question 9 The carrying (book) value of a bond at the time when it is issued is always equal to its par value. O True False D Question 10 A proxy is a document that gives a designated agent the right to vote a shareholder's stock. O True 3 pts MacBook Pro