credit to Interest Receivable.
credit to Interest Expense.
credit to Unearned Interest.
Question. 13. (TCO D) Feller Company issues $20,000,000 of 10-
year, 9% bonds on March 1, 2010 at 97 plus accrued interest. The
bonds are dated January 1, 2010, and pay interest on June 30 and
December 31. What is the total cash received on the issue date?
$19,400,000
$20,450,000
$19,700,000
$19,100,000
Question. 14. (TCO D) A company issues $20,000,000, 7.8%, 20-year
bonds to yield 8% on January 1, 2010. Interest is paid on June 30
and December 31. The proceeds from the bonds are $19,604,145.
What is the interest expense for 2011, using straight-line
amortization?
$1,540,207
$1,560,000
$1,569,192