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For each independent case below. Determine the net amount of cash received from the bond issuance. On October 1, 2021, Shane Company issued 5.000 of

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For each independent case below. Determine the net amount of cash received from the bond issuance. On October 1, 2021, Shane Company issued 5.000 of the P1,000 face value, 12% bonds at 110 including accrued interest. The bonds which mature on January 1, 2026 pay interest semi-annually every January 1 and July 1. In addition, Shane Company incurred printing and engraving costs of P20,000; legal and accounting fees of P75,000; registration fees of P35,000; and underwriter's commission of P15,000. Your answer On April 1, 2021, Cain Company issued at 105 plus accrued interest 4,000 of its 9%, P1,000 face value bonds. The bonds are dated January 1, 2021 and mature on January 1, 2021. Interest is paid semi-annually on January 1 and July 1. Cain paid bond issue costs of 150,000. As Your answer On July 1, 2022, Mercurial Company issued at 98 plus accrued interest 2,500 of its 11%, P1,000 face value bonds. The bonds are dated March 1, 2022 and mature on March 1, 2027. Interest is paid semi-annually on March 1 and September 1. The issue price included bond issue costs of P50,000. Your

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