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Note: please enter all numbers WITHOUT dollar signs ($) or any decimals (i.e. enter $24,000.00 as 24000). If an answer is a negative number please
Note: please enter all numbers WITHOUT dollar signs ($) or any decimals (i.e. enter $24,000.00 as 24000). If an answer is a negative number please enter it as a regular positive number. If the answer is zero or not applicable please enter 0 (a zero). On January 1, 2017, Prendiss Corporation issued $1 million of 10-year, 6% bonds at a price to yield a market interest rate of 5%. The bonds pay annual interest on December 31, The company has a December 31 year end. When the bonds were issued, Prendiss received $1,077,217. A. When Prendiss issued the bonds how much cash did the Corporation receive? B. On December 31, 2017, how much cash did Prendiss pay to its bondholders? C. On December 31. 2017 how much interest expense would be recorded for the year on the income statement
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