Current Attempt in Progress Blue Spruce Company issued $930,000 of 9%, 5-year bonds at 107. Interest is paid annually, and the effective interest method is used for amortization. Assume that the market rate for similar investments is 7%. The bonds are issued on the date of the bonds. (a) What amount was received for the bonds? Amount received $

Blue Spruce Company issued $930,000 of 9%,5 year bonds at 107 . Interest is paid annually, and the effective interest method is uscd for amortization Assume that the market rate for similar imestments is 7%. The bonds are issued on the date of the bonds. (a) What aqnount was recelved for the bonds