Marygrove Glassware Company issues $1,014,000 of 10%,10-year bonds at 97 on February 28,2017.The bond pays interest on February 28 and August 31.On August 31,2017,how much cash did Marygrove pay to the bondholders?

Name: Marygrove Glassware Company issues $1,014,000 of 10%,10-year bonds at 97 on February 28,2017.The bond pays interest on February 28 and August 31.On August 31,2017,how much cash did Marygrove pay to the bondholders?
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Interest Paid = $1,014,000 × 10% × 6/12 = $50,700

Marygrove Glassware Company Issues $1,014,000 of 10%,10-Year Bonds at 97