What are the proceeds from the bond issue


Downing Company issues $3,000,000, 6%, 5-year bonds dated January 1, 2012 on  January 1, 2012. The bonds pay interest semiannually on June 30 and December 31. The  bonds are issued to yield 5%. What are the proceeds from the bond issue?

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Accounting Basics: What are the proceeds from the bond issue
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