1. Blue Corp's December 31, Year 4, balance sheet contained the following items in the long- term liabilities section: 9.75% registered debentures, callable in Year 15, due in Year 20 $700,000 9.50% collateral trust bonds, convertible into common stock beginning in Year 13, due in Year 23 600,000 10% subordinated debentures ($30,000 maturing annually beginning in Year 10) 300,000 What is the total amount of Blue's term bonds? A. $600,000 B. $700,000 C. $1,000,000 D. $1,300,000 2. On November 1, Mason Corp. issued $800,000 of its 10-year, 8% term bonds dated October 1. The bonds were sold to yield 10%, with total proceeds of $700,000 plus accrued interest. Interest is paid every April 1 and October 1. What amount should Mason report for interest payable in its December 31 balance sheet? A. $17,500 B. $16,000 C. $11,667 D. $10,667 3. The following information pertains to Camp Corp.s issuance of bonds on July 1, Year 4: Face amount $800,000 Term 10 years Stated interest rate 6% Interest payment dates Annually on July 1 Yield 9% At 6% At 9% Present value of 1 for 10 periods 0.558 0.422 Future value of 1 for 10 periods 1.791 2.367 Present value of ordinary annuity of 1 for 10 periods 7.360 6.418 What should the issue price be for each $1,000 bond? A. $1,000 B. $943 C. $864 D. $807 4. On January 1, Year 2, Oak Co. issued 400 of its 8%, $1,000 bonds at 97 plus accrued interest. The bonds are dated October 1, Year 1, and mature on October 1, Year 11. Interest is payable semiannually on April 1 and October 1. Accrued interest for the period October 1, Year 1, to January 1, Year 2, amounted to $8,000. On January 1, Year 2, what amount should Oak report as bonds payable, net of discount? A. $380,300 B. $388,000 C. $388,300 D. $392,000