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On July 1, 2021, Dreeben Company acquired P600,000 (face value), 10%, P1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2021

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On July 1, 2021, Dreeben Company acquired P600,000 (face value), 10%, P1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2021 and mature on April 1, 2029. Interest is payable semiannually on April 1 and October 1. What amount did Dreeben pay for investment in bonds

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