Question: What is the main difference between notes payable and bonds payable? What is the main difference between a bond and a share of stock? What

What is the main difference between notes payable and bonds payable?

What is the main difference between a bond and a share of stock?

What does it mean to issue bonds at

Par?

Discount?

Premium?

What is the contract rate and the market rate for bonds?

How do you compute total bond interest expense when a bond is sold at a discount? Explain your answer.

How do you compute bond interest expense when a bond is sold at a premium? Explain your answer.

What accounts are affected when recording the issue date of a discount bond? What accounts are affected when recording interest and amortization? Which accounts are credited and which accounts are debited when creating journal entries?

What accounts are affected when recording the issue date of a premium bond? What accounts are affected when recording interest and amortization? Which accounts are credited and which accounts are debited when creating journal entries?

What accounts are affected when a bond matures? Which accounts are credited and which accounts are debited when creating journal entries?

**PLEASE ANSWER ALL OR DO NOT ANSWER*

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