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A.) On October 1, 2021, Shane Company issued 5,000 12% bonds with face amount of P1,000 per bond at 110. The bonds which mature on January 1, 2026, pay interest semiannually on January 1 and July 1. The entity paid bond issue cost of P200,000.

How much was received from the issuance of the bonds?

		5,650,000
		5,300,000
		5,450,000
		5,550,000

B.)

On April 1, 2021, Greg Company issued at 99 plus accrued interest, 4,000 8% bonds with face amount of P1,000 per bond. The bonds are dated January 1, 2021, mature on January 1, 2031, and pay interest on January 1 and July 1. The entity paid bond issue cost of P140,000.

How much cash was received from the bond issuance?

		4,040,000
		3,900,000
		3,820,000
		3,960,000

C.)

Aye Company is authorized to issue P5,000,000 of 6%, 10-year bonds dated July 1, 2021 with interest payments on June 30 and December 31. When the bonds are issued on November 1, 2021, the entity received cash of P5,150,000 including accrued interest.

What is the discount or premium from the issuance of the bonds?

		50,000 bond premium
		No bond premium and discount
		150,000 bond premium
		150,000 bond discount

D.)

On January 1, 2021, Marsh Company issued 10% bonds payable in the face amount of P6,000,000. The bonds mature on January 1, 2031. The bonds were issued for P5,316,000 to yield 12% resulting in bond discount of P684,000. The entity used the effective interest method of amortizing bond discount. Interest is payable semiannually on January 1 and July 1.

For the six months ended June 30, 2021, what amount should be reported as bond interest expense?

		300,000
		341,040
		334,200
		318,960