Issuance of the bonds, Hartzler Enterprises issued 8%,

Issuance of the bonds

Reference no: EM13142867

Hartzler Enterprises issued 8%, 8-year, $2,000,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2011, and are issued on that date. The discount rate of interest for such bonds on April 1, 2011, is 10%. What cash proceeds did Hartzler receive from issuance of the bonds?

Reference no: EM13142867

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