Cash Proceeds from Bond Issues Assignment | Top Universities
Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round your answers to the nearest dollar amount.)
Cash Discount or Premium Proceeds Pear, Inc. issued $235,000 of 10-year, 8 percent bonds at 103. a. b. Apple, Inc. issued $121,000 of five-year, 12 percent bonds at 98. Cherry Co. issued $152,000 of five-year, 6 percent bonds at 103 1/4 C. Grape, Inc. issued $32,000 of four-year, 8 percent bonds at 98. d. Get Accounting Homework Help Today.