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please help with accounting and how you got the answers..thank you On July 1, 2015, Burdick Co. issued bonds with a face value of $600,000.
please help with accounting and how you got the answers..thank you
On July 1, 2015, Burdick Co. issued bonds with a face value of $600,000. The bonds carry a stated interest rate of 8% that is payable each June 1st and December 1st. The bonds were issued at 103 plus accrued interest. The straight-line method is used. The bonds mature on 6/1/18. What was the total cash received on 7/1/15? Select one: $622,000 $614,000 $620,000 $638,000 $618,000 On 1/1/17, Traverse Company sold 100 components at $700 each. All sales were cash sales. Of the total sales amount, $6,000 related to warranty contracts. Estimated total cost servicing the components was $1, 100 each year of the five-year warranty. Traverse spent $1, 500 servicing the components in 2017 and $500 servicing components in 2018. Using the Expense Warranty approach, what is 2017 Warranty Expense? Select one: $0 $4, 600 $3, 300 $3, 800 $5, 500
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