Un July 1, Kwek-kwek Company issued 600 of bonds at 99 plus accrued interest. The bonds are dated April 1, 2020 and mature on April 1, 2029. Interest is payable semi- annually on April 1 and October 1. What amount did Kwek-kwek Company receive from the bond issuance? * O P600,000 O P579,000 O P609,000 P594,000
Un July 1, Kwek-kwek Company issued 600 of bonds at 99 plus accrued interest. The bonds are dated April 1, 2020 and mature on April 1, 2029. Interest is payable semi- annually on April 1 and October 1. What amount did Kwek-kwek Company receive from the bond issuance? * O P600,000 O P579,000 O P609,000 P594,000
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 2PB: Charleston Inc. issued $200,000 bonds with a stated rate of 10%. The bonds had a 10-year maturity...
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![On July 1, 2020, Kwek-kwek Company issued 600 of its 10%, P1,000 bonds at 99 plus accrued
interest. The bonds are dated April 1, 2020 and mature on April 1, 2029. Interest is payable semi-
annually on April1 and October 1. What amount did Kwek-kwek Company receive from the bond
issuance? *
P600,000
P579,000
P609,000
P594,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa8e88899-48ca-4125-b7b8-5911523f8135%2Fcc4f1b26-e0cc-4268-aac6-6ad504a1cfc9%2F7w4e626_processed.png&w=3840&q=75)
Transcribed Image Text:On July 1, 2020, Kwek-kwek Company issued 600 of its 10%, P1,000 bonds at 99 plus accrued
interest. The bonds are dated April 1, 2020 and mature on April 1, 2029. Interest is payable semi-
annually on April1 and October 1. What amount did Kwek-kwek Company receive from the bond
issuance? *
P600,000
P579,000
P609,000
P594,000
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