12) On May 1, 2015, Toucannon issued P10,000 maturity value of bonds payable with the...
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12) On May 1, 2015, Toucannon issued P10,000 maturity value of bonds payable with the stated interest rate of 9% payable each May 1 and November 1. The bonds mature November 1, 2018 and were sold to yield 10% per annum. The sale price of the bonds were: 5,119 B. 5,203 C. 9,700 D. 9,711
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