On October 1, Garson Company issued 8%, 10-year, $300,000 bonds at 100. Interest dates are April 1 and October 1. The amount of cash paid out for interest during the current calendar year is:

Question

Quizplus · Accepted Answer

The Answer of On October 1, Garson Company issued 8%, 10-year, $300,000 bonds at 100. Interest dates are April 1 and October 1. The amount of cash paid out for interest during the current calendar year is:

On October 1, Garson Company Issued 8%, 10-Year, $300,000 Bonds