on july 1 2010 spear co issued 1000 of its 10, Financial Accounting

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on july 1 2010 spear co issued 1000 of its 10

On July 1, 2010, Spear Co. issued 1,000 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2010 and mature on April 1, 2020. Interest is payable semiannually on April 1 and October 1.

Required:

What amount did Spear receive from the bond issuance?

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Financial Accounting: on july 1 2010 spear co issued 1000 of its 10

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Financial Accounting: on july 1 2010 spear co issued 1000 of its 10

Reference No:- TGS0418743

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