On April 1, 2020, EDSA Company issued at 99 plus accrued interest 4,000 8% bonds with a face amount of 1,000 per bond. The bonds are dated January 1, 2020, mature on January 1, 2030, and pay interest on January 1 and July 1. The company paid a bond issue cost of 140,000. How much cash was received from the bond issuance?

3,960,000

3,900,000

3,820,000

4,040,000

Answer rating: 100% (QA)

Issue price 4000 1000 99 3960000 Accrued interest January 01 April ... View the full answer