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On July 1, 2018, Mason & Beech Services issued $ 35 comma 000$35,000 of 1212%...

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Question

Accounting

On July 1, 2018, Mason & Beech Services issued

$ 35 comma 000$35,000

of

1212%

bonds that mature in five years. They were issued at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2018, what is the total amount paid to bondholders?

A.

$ 4 comma 200$4,200

B.

$ 2 comma 100$2,100

C.

$ 1 comma 400$1,400

D.

$ 1 comma 050

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