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1. On January​ 1, 2019, Always Corporation issues $3,100,000​, 5−​year, 12​% bonds for $3,010,000. Interest is...

1. On January​ 1, 2019, Always Corporation issues $3,100,000​, 5−​year, 12​% bonds for $3,010,000. Interest is paid semiannually on January 1 and July 1. Always Corporation uses the straight−line method of amortization. The​ company's fiscal year ends on December 31. The amount of discount amortized on July​ 1, 2019​ is:

2. Williamson Company declared and distributed a​ 10% stock dividend when it had 900,000 shares of​ $1 par value common stock outstanding. The market price per share of common stock was $10 per share when the dividend was declared. The journal entry to record the stock dividend would include a credit​ to:

3. Orlando Corporation incorporated on January 2 of the current year. During the​ year, Orlando had the following​ transactions:

issued 70,000 shares of common stock at $35 per share. The par value per share is​ $1.

purchased1,000 shares of treasury stock at $26 per share

had net income of​ $400,000.

What is the total amount of​ stockholders' equity as of December 31 of the current​ year?

4. On January​ 1, 2019, Brewers Corporation issued $1,100,000 77​%, 5−year bonds at 98​, with interest paid annually. Using the straight−line amortization​ method, what is the carrying value of the bonds on January​ 1, 2019?​ (Round your final answer to the nearest​ dollar.)

5. A share of​ 5% preferred stock has a par value of $70 and market value of $100. The owners of the preferred stock will receive a cash dividend​ of: (Round your answer to the nearest​ cent.)

6. A bond with a face value of $90,000 and a quoted price of 103 has a selling price​ of:

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