Ch.10 Bonds Payable Suggested Problems and Solutions-Saved to my Mac Layout References Mailings Review View A A Aa Bonds payable Colson Corporation issues bonds to finance an expansion of its hot swimwear line. The 10-year, SSO,000 bonds are issued on April 1, 20X4 and pay interest in the amount of 5% annually. Interest payments are made semiannually, every April 1 and October 1. The market rate at the time of the 1. issue is 596. a. How much cash will Colson receive on April 1? b. How much interest will Colson pay on October 1, 20X4? c. What is the total amount Colson will pay back over the 10-year life of the bond issue