Question: Required For each of the following situations calculate the amount of

Required
For each of the following situations, calculate the amount of bond discount or premium, if any.
a. Gray Co. issued $80,000 of 6 percent bonds at 101¼.
b. Bush, Inc., issued $200,000 of 10-year, 6 percent bonds at 97½.
c. Oak, Inc., issued $100,000 of 20-year, 6 percent bonds at 103.
d. Willow Co. issued $180,000 of 15-year, 7 percent bonds at 99.

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  • CreatedApril 20, 2015
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