Answered: A $7,000; 9% bond is sold at 93. When…

A $7,000; 9% bond is sold at 93. When the bond is issuede the Cash account will be incerased by : A. $7,490. B. $7,140. C. $6,510. D. $7,000.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 5MC: On January 1, a company issued a 5-year $100,000 bond at 6%. Interest payments on the bond of $6,000...

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Question

A $7,000; 9% bond is sold at 93. When the bond is issuede the Cash account will be incerased by :

$7,490.

$7,140.

$6,510.

$7,000.

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Similar questions

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B4.
The question that says “a $4000, 6% bond is sold at 93. When the bond is issued, the cash account will be increased by:
Please show your work.