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

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.)
Cash Proceeds Discount or Premium
a. Pear, Inc., issued $188,000 of 10-year, 8 percent bonds at 102.
b. Apple, Inc., issued $59,000 of five-year, 12 percent bonds at 98.
c. Cherry Co. issued $110,000 of five-year, 6 percent bonds at 102 1/4.
d. Grape, Inc., issued $49,000 of four-year, 8 percent bonds at 97.00.

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