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Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount.
Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Cash Proceeds Discount or Premium a. Pear, Inc. issued $183,000 of 10-year, 8 percent bonds at 102. Apple, Inc. issued $136,000 of five-year, 12 percent bonds at 98. Cherry Co. issued $114,000 of five-year, 6 percent bonds at 103 1/4. Grape, Inc. issued $50,000 of four-year, 8 percent bonds at 97. d
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