Question: Exercise 10-10A Determining cash receipts from bond issues LO 10-4, 10-5 Required Compute the cash proceeds from bond issues under the following terms. For each

Exercise 10-10A Determining cash receipts from bond issues LO 10-4, 10-5

Exercise 10-10A Determining cash receipts from bond issues LO 10-4, 10-5 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. (Round your answers to nearest dollar amount.) T3 Cash Proceeds Discount or Premium a. Pear, Inc. issued $218,000 of 10-year, 8 percent bonds at 103. b. Apple, Inc. issued 598,000 of five-year, 12 percent bonds at 99. c. Cherry Co. issued $134,000 of five-year, 6 percent bonds at 103 1/4 d Grape, Inc. issued $32,000 of four-year 8 percent bonds at 98.00

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