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the correct answer is 1,000 - - - www Champion Enterprises issued 10-year bonds in the amount of $120,000 on October 1, 2016. The bonds

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- - - www Champion Enterprises issued 10-year bonds in the amount of $120,000 on October 1, 2016. The bonds pay an annual rate of interest of 5%. Interest payments are made on June 1 and December 1 of each year. What is the amount of cash Champion would receive on October 1, 2016 upon the issuance of the bonds? Which of the following is the amount of interest expense Alex Co. should record on December 1 when interest is paid

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