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  3. on march 1, 2022, burdick co. issued bonds with a

On March 1, 2022, Burdick Co. issued bonds with a face value of $600,000. The...

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Accounting

image On March 1, 2022, Burdick Co. issued bonds with a face value of $600,000. The bonds carry a stated interest rate of 8%; interest is payable each June 1st and December 1st. The bonds were issued at 105 plus accrued interest. The straight-line method is used. The bonds mature on 6/1/25. What was the total cash received on 3/1/22 ? Select one: a. $622,000 b. $630,000 c. $646,000 d. $642,000 e. $618,000 On 1/1/24, Traverse Company sold 100 components at $700 each. All sales were cash sales. Estimated total cost servicing the components was $1,100 each year of the five-year warranty. Traverse spent $1,500 servicing the components in 2024 and $500 servicing components in 2025. This is considered an "assurance-type" warranty; Traverse uses the Expense Warranty approach. What is 2024 Warranty Expense? Select one: a. \$0 b. $4,600 C. $3,300 d. $3.800

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