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on october 1, 2020, shane company issued 5,000 12% bonds with face amount of P 1,000 per bond at 110. the bonds which mature on
- on october 1, 2020, shane company issued 5,000 12% bonds with face amount of P 1,000 per bond at 110. the bonds which mature on jan 1 2025, pay interest semiannually on jan 1 and july 1. the entity pad bond issue cost of 200,000. how much cash was received from the issuance of bonds?
a. 5,450,000
b. 5,650,000
c. 5,300,000
d. 5,550,000
2 . onapril 1,2020, Greg company issued at 99 plus accrued interest, 4,000 8% bonds with face amount of P 1,000 per bond. the bonds are dated january 1,2020, mature on january 1. 2030, and pay interest on january 1 and july 1. the entity paid bond issue cost of P140,000. how much cash was received from the bonds issuance?
a. 4,040,000
b. 3,960,000
c. 3,900,000
d. 3,820,000
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