Molina Corporation issues 5,000, 10-year, 8%, $1,000 par value bonds dated January 1, 2017, at a price of $1,030 per bond. The journal entry to record the bond issuance will include a O a. credit to Bonds Payable for $5,000,000. O b. debit to Cash of $5,000,000. O c. debit to Premium on Bonds Payable for $150,000. O d. credit to Cash for $5,150,000.

On January 1, 2018, Denver Services issued $20,000 of 8% bonds that mature in five years. The bonds were issued for $19,000. Prepare the journal entry to issue bonds. Omit explanation

Ellis Company issues 7.5%, five-year bonds dated January 1, 2021, with a $440,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $449,140. The annual market rate is 7.0% on the issue date. Required: 1. Compute the total bond interest expense over the bonds' life. 2 Dr the de life

Ivanhoe Company issued $459,000, 8%, 30-year bonds on January 1, 2017, at 103. Interest is payable annually on January 1. Ivanhoe uses straight-line amortization for bond premium or discount.Prepare the journal entries to record the following events. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a)   The issuance of the bonds. (b)   The accrual of interest and the premium amortization on December 31, 2017. (c)   The payment of interest on January 1, 2018. (d)   The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.   No. Date Account Titles and Explanation Debit Credit (a) Jan. 1, 2017 enter an account title to record the issuance of the bonds on January 1, 2017   enter a debit amount   enter a credit amount       enter an account title to record the issuance of the bonds on January 1, 2017   enter a debit amount…