On july 1 2013 sunshine co. issued 3000 of its 10 1000, Ask an Expert

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On July 1, 2013, Sunshine Co. issued 3,000 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2013 and mature on April 1, 2023. Interest is payable semiannually on April 1 and October 1. What amount did Sunshine receive from the bond issuance?

a. $3,045,000

b. $3,000,000

c. $2,970,000

d. $965,000

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Accounting Basics, Accounting

Category:- Accounting Basics
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