On January 1, 2010, Kate Products issued ten-year convertible bonds of $1,800,000 at 105. Interest is payable semiannually on June 30 and December 31 at a rate of 12 percent. On June 30, 2012, the company retired bonds of $150,000 at 102 plus accrued interest. Straight-line amortization is recorded at the end of the calendar year.

Question

On January 1, 2010, Kate Products issued ten-year convertible bonds of $1,800,000 at 105. Interest is payable semiannually on June 30 and December 31 at a rate of 12 percent. On June 30, 2012, the company retired bonds of $150,000 at 102 plus accrued interest. Straight-line amortization is recorded at the end of the calendar year.
On January 1, 2010, Kate Products issued ten-year convertible bonds of $1,800,000 at 105. Interest is payable semiannually on June 30 and December 31 at a rate of 12 percent. On June 30, 2012, the company retired bonds of $150,000 at 102 plus accrued interest. Straight-line amortization is recorded at the end of the calendar year.

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The Answer of On January 1, 2010, Kate Products issued ten-year convertible bonds of $1,800,000 at 105. Interest is payable semiannually on June 30 and December 31 at a rate of 12 percent. On June 30, 2012, the company retired bonds of $150,000 at 102 plus accrued interest. Straight-line amortization is recorded at the end of the calendar year.

On January 1, 2010, Kate Products Issued Ten-Year Convertible Bonds