For each of the following situations, compute the proceeds from the bond issue: 1. Quality Bank issued

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For each of the following situations, compute the proceeds from the bond issue:

1. Quality Bank issued $100,000 worth of bonds at 104.

2. Tool & Dye Company issued $50,000 worth of bonds at 98.

3. Connie’s Can Company issued $400,000 worth of bonds at 97.5.

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:45 PM

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For each of the following situations, compute the proceeds from the bond issue: 1. Quality Bank issued

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