The Following Information Applies to Both Questions

question 7

Multiple Choice

The following information applies to both questions
On October 1, 2010 Macklin Corporation issued 5%, 10-year bonds with a face value of $1,000,000 at 108 (a 4% yield) .Interest is paid on October 1 and April 1, with any premiums or discounts amortized on an effective-interest basis.
-The entry to record the issuance of the bonds would include a credit of

• A)$25,000 to interest Payable.
• B)$80,000 to Bonds Payable.
• C)$1,000,000 to Bonds Payable.
• D)$1,080,000 to Bonds Payable.

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Definitions:

Physiological Effects

Changes in the body's normal functions that occur in response to internal or external stimuli.

Nicotine

A stimulant and highly addictive substance found in tobacco, leading to various health issues when consumed.

Substance Intoxication

A temporary condition resulting from the excessive use of psychoactive substances, leading to changes in consciousness, cognition, perception, and behavior.

Withdrawal

The group of symptoms that occur upon the abrupt discontinuation or decrease in intake of medications or recreational drugs.