What amount did tigger receive from the bond issuance, Financial Accounting

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What amount did tigger receive from the bond issuance

Problem

TIGGER Company issued P10,000,000 face value bonds at 95 plus accrued interest on March 1, 2023. TIGGER Company paid bond issue cost of P1,000,000. The bonds were dated November 1, 2022, mature on November 1, 2027, and bear interest at 12% payable semiannually on November 1, and May 1.

What amount did TIGGER receive from the bond issuance?

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Financial Accounting: What amount did tigger receive from the bond issuance

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Financial Accounting: What amount did tigger receive from the bond issuance

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