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Find and calculate amount of bond discount or premium

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Problem 1: For each of the following situations, calculate the amount of bond discount or premium, if any.  (Do not round intermediate calculations.)

a. Gray Co. issued $65,000 of 6 percent bonds at 103 1/2

b. Bush, Inc. issued $88,000 of 10-year, 6 percent bonds at 98 1/2.

c. Oak, Inc. issued $191,000 of 20-year, 6 percent bonds at 103.

d. Willow Co. issued $171,000 of 15-year, 7 percent bonds at 97.

Reference no: EM132662107

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