Required Compute the cash proceeds from bond issues under the following terms. For each case,...
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Accounting
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. (Do not round intermediate calculations. Round your answers to nearest dollar amount.)
Cash Proceeds
Discount or Premium
a
Pear Inc issued $165,000 of 10 year, 8 percent bonds at 102
b
Apple Inc issued $105,000 of five-year, 12 percent bonds at 99
c
Cherry Co issued $133,000 of five-year, 6 percent bonds at 102 1/4
d
Grape issued $25,000 of four-year, 8 percent bonds at 97
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