Brian lee co. Sold $2,120,000 of 12%, 10 year bonds at 103 on janaury 1,2025. The bonds were dated january 1,2025, and pay interest on july 1 and january 1
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The bonds were sold at 103, which means they were sold at 103% of their face value. Total cash received = Face value of bonds × Selling price percentage Total cash received = $2,120,000 × 1.03 = $2,183,600 Show more…
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