Question: Required Compute the cash proceeds from bond issues under the following

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:
a. Hett, Inc., issued $400,000 of 8-year, 8 percent bonds at 101.
b. Holt Co. issued $250,000 of 4-year, 6 percent bonds at 98.
c. Holmes Co. issued $300,000 of 10-year, 7 percent bonds at 102 ¼.
d. Hart, Inc., issued $200,000 of 5-year, 6 percent bonds at 97 ½.

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  • CreatedApril 20, 2015
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