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Patton corporation issued on 123113 100000 of 6 year what

Question - Patton Corporation issued on 12/31/13 $100,000 of 6 year, 12% bonds at 107.732 Interest is paid on semiannual interest dates. Straight line method of amortization is to be used. What are the proceeds on the sale of this bond issue?

1] $100,000

2] $92.268

3] $100,773

4] $107,732

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Accounting Basics: Patton corporation issued on 123113 100000 of 6 year what

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Accounting Basics: Patton corporation issued on 123113 100000 of 6 year what

Reference No:- TGS02847424

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