What cash proceeds did troutman receive from issuance


Troutman Enterprises issued 8%, 8-year, $1,000,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2012, and are issued on that date. The discount rate of interest for such bonds on April 1, 2012, is 10%. What cash proceeds did Troutman receive from issuance of the bonds? (Use the table) (Round answer to 2 decimal places, e.g. 125.25.)

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Accounting Basics: What cash proceeds did troutman receive from issuance
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