Question 1On July 1 200X you enter into a note payable of $200000 with a 5% annual interest rate. Your interest expense for 200X will be:$10000.$2500$2000$5000 Question 2Post Company issues a 6 year 6% $200000 bond at par on July 31. The journal entry would be:A debit to cash of $200000 and a credit to bonds payable of $200000.A debit to bonds payable of $200000 and a credit to cash of $200000.A debit to cash of $200000 and a credit to bonds receivable of $200000.A debit to bonds receivable of $200000 and a credit to cash of $200000.Question 3Post Company issues a 6 year 6% $200000 bond at par on July 31. How much interest will be paid over the life of the bond?$4000$6000$12000$72000 Question 4A company has current assets of $500000 net income of $10000 current liabilities of 250000 and equity of $250000.? What is the current ratio?0.57.50.32.0