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QUESTION 35 When you prepare a journal entry to record a bond issued at a principal amount more that its face, your journal entry would include: A. A credit to cash B. A debit to a "bond premium" account C. A credit to a "bond premium" account D. A credit to a "bond discount" account OE. A debit to a "bond discount" account QUESTION 36 Treasury Stock is A. sometimes an asset B. an owners' equity account C. a contra dividend account D. an expense on the date purchased E. a liability account QUESTION 37 John is buying a motorhome. He has the following options: Option 1: Purchasing the motorhome for $62.880 from Honest Susie. Under this deal he would pay 10% down and making 60 equal monthly which would include interest at 6%. Not being complete sure of the trustworthiness of Susie, he called the bank and, indeed, 6% was the going rate on such purchases. Option 2: Dealing Dave has offered the bus of $75,000. Under this deal, he would pay no money down and annual interest payments of 2%. Then at the end of the fifth year, he would pay the $75,000. Option 3: Mostly Honest Bill would sell him the bus to $72,000. Under this deal he would put no money down and pay the 72,000 in 48 equal monthly payments that include interest at 3% Rank the deals in order of which is best for John A3,2,1 B. none of the listed choices C. 3, 1, 2 D.1,2,3. E. 2, 1,3 QUESTION 38 On January 1, 2019, Declan Diaper Co. declared a $2.00 per share dividend payable on February 1, to holders of record on January 15. Before the dividend was declared, the company had 200,000 shares of $10 par value stock outstanding. On the date of record, the journal entry would include A. a credit to Cash of $ 400,000. B. There would be no journal entry on this date. C. a credit to Retained Earnings of $ 400,000. OD. a credit to Dividends Payable of $ 400,000 E none of the listed choices QUESTION 39 If Malcom deposits $1,000 in a bank account that pays 4% compounded quarterly, how much will he have in 6 years? A. $ 1,269.73 B.$ 1,787.57 C$ 1,390.12 D. none of the listed choices E. $ 1,942.05

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