work is already done! without looking up the answers , someone knowledgeble please let me know if im correct or wrong ! will give thumbs up fast

5.If a loss contingency'is considered to be "reasonably possible", then it should be accrued (journalize) footnoted c) paid D). ignored ANSWER: 6.A bond will sell at a premium if A) the stated rate is less than the market rate the stated rate is equal to the market rate the stated rate is more than the market rate ANSWER: 7. A company issues $380,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the Aime of issue, the market rate for such bonds is 10%. What is the issue price of the bonds? $356,322 380,000 .9 -17100 B) $143,218 a C) $213,104 D) $380,000 380,000 .37689 = 143,218.20 ANSWER: 17100 x 12.46 =213, 103.791 8. On January 1, 2020, a company redeemed $410,000 of bonds at 97. At the time of redemption, the unamortized premium was $12,300. The journal entry to record the transaction would include a A) debit to loss on redemption for $24.600 B) debit to cash for $397,700 C) credit to premium on bonds payable for $12,300 credit to gain on redemption for $24,600 356 32).14