Calculate the amount of bond discount or premium

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For each of the following situations, calculate the amount of bond discount or premium, if any. (Do not round your intermediate calculations and round your final answers to whole dollar amount. Omit the "$" sign in your response.)

 

 

 

 

a.

Best Co. issued $60,000 of 6 percent bonds at 102.

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b.

Morris, Inc., issued $81,000 of 10-year, 8 percent bonds at 95.

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c.

Yang, Inc., issued $151,000 of 15-year, 9 percent bonds at 102 1⁄4.

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d.

Jones Co. issued $146,000 of 20-year, 8 percent bonds at 95 3⁄4.

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Reference no: EM13918219

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