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Determining the Proceeds from Bond Issues Madison Corporation is authorized to issue $760,000...

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Accounting

Determining the Proceeds from Bond Issues
Madison Corporation is authorized to issue $760,000 of 5-year bonds dated June 30,2019, with a stated rate of interest of 11%. Interest on the bonds is payable semiannually, and the bonds are sold on June 30,2019.
Required:
Determine the proceeds that the company will receive if it sells the following: (Click here to access the tables to use with this exercise and round your answers to two decimal places, if necessary.)
1. The bonds to yield 12% $fill in the blank 1
2. The bonds to yield 10% $fill in the blank 2

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