Please answer all questions :)

Question 16 1 pts On January 1, 2021, Gila Corporation issues $200,000, 5-year, 8% bonds at 105. Interest is paid semiannually on January 1 and July 1. Gila Corporation uses the straight-line method of amortization. The company's fiscal year ends on December 31. The necessary journal entry on January 1, 2022 includes: a debit to Interest Payable of $8,000 a debit to Premium on Bonds Payable of $1,000 a debit to Interest Expense of $7,000 a credit to interest Payable of $8,000 Question 19 1 pts Which one of the following best describes stockholders' right of liquidation? the right to receive a proportionate share of assets before all liabilities are paid upon liquidation the right to vote on liquidation of assets controlled by the corporation the right to receive a proportionate share of the assets remaining after all liabilities are paid upon liquidation the right to right to receive a proportionate part of liquidated cash dividends Question 21 1 pts Cobra Company has Common Stock with 100,000 shares authorized and 25,000 shares issued. Cobra Company pays $35,000 to buy back 5,000 shares of its $1 par value Common Stock. The journal entry to record this purchase would include a: credit to Paid-in Capital from Treasury Stock Transactions for $30,000 credit to Common Stock for $5,000 credit to Common Stock for $5,000 debit to Treasury Stock for $35,000 Question 24 1 pts On April 14, Johnson Company purchases $80,000 of supplies on account. The company pays for half of this purchase on April 25, and pays for the remaining half of the purchase on May 12. The necessary journal entry on April 25 includes: a debit to Supplies for $80,000 a credit to Accounts Payable for $40,000 a credit to Cash for $80,000 a debit to Accounts Payable for $40,000