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On July 1, 2021, Bonita Industries issued 3500 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2021
On July 1, 2021, Bonita Industries issued 3500 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2021 and mature on April 1, 2031. Interest is payable semiannually on April 1 and October 1. What amount did Bonita receive from the bond issuance? $3465000 $3500000 $3365000 $3552500 Screen Shot 2022-... On January 1, 2021, Bonita Industries redeemed its 15-year bonds of $6950000 par value for 101. They were originally issued on January 1, 2009 at 92 with a maturity date of January 1, 2024. Bonita amortizes discounts and premiums using the straight-line method. What amount of loss should Bonita recognize on the redemption of these bonds (ignore taxes)? $96700 $180700 $0 $69500
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