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On January 1, 2016, Colt Co. issued ten-year bonds with a face amount of $1,000,000 and a stated interest rate of 12% payable annually on

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On January 1, 2016, Colt Co. issued ten-year bonds with a face amount of $1,000,000 and a stated interest rate of 12% payable annually on January 1 . The bonds were priced to yield 10%. The approximate total issue price of the bonds was Select one: a. $1,122,888 b. $886,996 c. $1,134,198 d. $926,399 e. $1,077,217 In preparing its August 31 bank reconciliation, Apex Corp. has available the following balance per bank and reconciling items

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