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54. On March 1, 2012, WC issued 10% stated interest rate, 10 year debentures dated January 1, 2012, in the face amount of $1,000,000, with
54. On March 1, 2012, WC issued 10% stated interest rate, 10 year debentures dated January 1, 2012, in the face amount of $1,000,000, with interest payable on January 1 and July 1. The debentures were sold to yield 12% plus accrued interest. How much should WC debit to cash on March 1, 2012? A. $901,967 B. $903,003 C. $1,016,667 D. $1,033,333 E. $902,336
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