How to company sold the bonds


The Batson Corporation issued $800,000 of 12% face value bonds for $851,705.70. The bonds were dated and issued on April 1, 2010, are due March 31, 2014, and pay interest semiannually on September 30 and March 31. The company sold the bonds to yield 10%.

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Accounting Basics: How to company sold the bonds
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