Y X e 10-10B B fx B

Exercise 10-10B Determining cash receipts from bond issues 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. a. Hett, Inc. issued $400,000 of eight-year, 8 percent bonds at 101 . b. Holt Co. issued $250,000 of four-year, 6 percent bonds at 98 . c. Holmes Co. issued $300,000 of 10 -year, 7 percent bonds at 1021/4. d. Hart, Inc. issued $200,000 of five-year, 6 percent bonds at 97121