rest Poble 1.000 Cesta 1.000 Question 4 3.85 pts Using the same facts as in Question 3 above, when Hipps Company repays the $100.000 note plus the interest on April 30, 2022, the entry to record this transaction will debit interest Expense in the amount of: $3,000 $6,000 $1,000 $2.000 Question 7 3.85 pts The Hammer Corporation shows the following balance sheet presentation for the carrying value of bonds payable: Bonds payable $1,000,000 Less: Discount on bonds payable _195.000) $ 905,000 Which statement below is correct? The $95.000 represents the amount that was paid to bondholders when the bonds were issued. The $95.000 eventually will be amortized down to zero at the maturity date of the bonds. The $95,000 is primarily related to the bond being a higher risk of default. The $905,000 represents the amount that bondholders will be paid back when the bonds mature