Rowe Corporation authorized ($ 5,000) of (8 %) (cash interest payable semiannually) 10 -year bonds. The bonds

Question:

Rowe Corporation authorized $\$ 5,000$ of $8 \%$ (cash interest payable semiannually) 10 -year bonds. The bonds were dated January 1, 2020; interest dates are June 30 and December 31. Assume three different cases with respect to the sale of the bonds: Case A: Bonds sold on January 1, 2020, at par; Case B: Bonds sold on January 1, 2020, at 98; Case C: Bonds sold on February 1, 2020, at 102. Complete the following table.

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