Presented here is a partial amortization schedule for Graceland Company who sold $100,000, five 10% bonds on January 1, 2017 for $108,000 and uses annual straight-line amortization. Which of the following amounts should be shown in cell (v)? a. $109, 600 b. $108, 800 c. $106, 400 d. $107, 200 lf the market interest rate is greater than the contractual interest rate, bonds will sell a. at a premium. b. at face value. c. at a discount. d. only after the stated interest rate is increased. The debt to assets ratio is computed by dividing a. long-term liabilities by total assets. b. total debt by total assets. c. total assets by total debt. d. total assets by long-term liabilities. Belle Corporation retires its bonds at 105 on January 1, following the payment of annual interest. The value of the bonds is $600,000. The carrying value of the bonds at the redemption date is $621, 50 The entry to record the redemption will include a a. credit of $21, 500 to Loss on Bond Redemption. b. debit of $30,000 to Premium on Bonds Payable. c. credit of $8, 500 to Gain on Bond Redemption. d. debit of $21, 500 to Premium on Bonds Payable