On July 1, 2013, Zheng Co. issued 1,000 of its 10%, $1,000 bonds at 99 plus accrued

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On July 1, 2013, Zheng Co. issued 1,000 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2013 and mature on April 1, 2023. Interest is payable semiannually on April 1 and October 1. What amount did Spear receive from the bond issuance?
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Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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