Q: 1 Blossom Industries, Inc. issued $18,600,000 of 8% debentures on May 1, 2020 and received cash totaling $16,503,088. The bonds pay interest semiannually on May 1 and November 1. The maturity date on these bonds is November 1, 2028. The firm uses the effective-interest method of amortizing discounts and premiums. The bonds were sold to yield an effective-interest rate of 10%. Calculate the total dollar amount of discount or premium amortization during the first year (5/1/20 through 4/30/21) these bonds were outstanding. (Round answers to 0 decimal places, e.g. 5,275.) Date Interest Expense Cash Interest Discount Amortized Carrying Value of Bonds 5/1/20 $ 11/1/20 $ $ $ 5/1/21 Total $

Q: 2 On January 1, 2020, Coronado Industries issued eight-year bonds with a face value of $6100000 and a stated interest rate of 4%, payable semiannually on June 30 and December 31. The bonds were sold to yield 6%. Table values are:

	Present value of 1 for 8 periods at 4%		0.731
	Present value of 1 for 8 periods at 6%		0.627
	Present value of 1 for 16 periods at 2%		0.728
	Present value of 1 for 16 periods at 3%		0.623
	Present value of annuity for 8 periods at 4%		6.733
	Present value of annuity for 8 periods at 6%		6.210
	Present value of annuity for 16 periods at 2%		13.578
	Present value of annuity for 16 periods at 3%		12.561

The present value of the principal is

$4440800.

$3800300.

$4459100.

$3824700.

Q: 3 Sunland Company issues $21100000 of 10-year, 9% bonds on March 1, 2020 at 98 plus accrued interest. The bonds are dated January 1, 2020, and pay interest on June 30 and December 31. What is the total cash received on the issue date?

$21785750

$20394500

$20994500

$20678000