On October 31,2011,Bondable,Inc.issued $20,000 of 10-year,6% bonds at 100.The bonds pay interest annually on October 31.How much cash will the company pay for interest on October 31,2012,the first interest payment date?
A) $2,000
B) $1,000
C) $1,200
D) $200
Correct Answer:
Verified
Q118: Discount on bonds payable is a contra-_
Q119: When a bond sells at its face
Q120: Buzz Corporation issued $50,000 worth of 10-year,8%
Q121: On SEPTEMBER 30,2011,Ace Electronics issued $100,000
Q122: On NOVEMBER 30,2011,Just in Thyme,Inc.issued $100,000 of
Q124: Discount on bonds payable is subtracted from
Q125: On December 31,IOU Corporation issued $100,000 of
Q126: Premium on bonds payable is an adjunct
Q127: On June 30,2011,Xanadu Corporation issued $200,000 of
Q128: On November 30,2011,Just in Thyme,Inc.issued $100,000 of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents