The Lakeland Company issues $518,000 of its 10%,10-year bonds at 106 on March 31,2017.The bond pays interest on March 31 and September 30.On September 30,2017,how much cash did the company pay to the bondholders?

Name: The Lakeland Company issues $518,000 of its 10%,10-year bonds at 106 on March 31,2017.The bond pays interest on March 31 and September 30.On September 30,2017,how much cash did the company pay to the bondholders?
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Interest Paid = $518,000 × 10% × 6/12 = $25,900

The Lakeland Company Issues $518,000 of Its 10%,10-Year Bonds at 106