27. Feller Company issues March 1, 2017 at 97 plus accrued Company issues $20,000,000 of 10-year,...

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Question

business accounting

Answer 1

Answer #1

ANSWER :-

Answer is ( C ) = $19,700,000

Cash received for bonds = 20,000,000 / 100 x 97

= $19,400,000

Add interest = (20,000,000 x 9% x 2/12)

= 300.000

Total cash received = 19,400,000 + 300.000

= $19,700,000

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Answer 2

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