What is the total proceeds from the bond issuance

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On July 1, 2000, $300,000 face value bonds were issued to pay 4% interest annually every July 1, and matures on July 1, 2010. Kindly solve asked items independently of the succeeding or preceding item/s.

Problem 1. If the market rate on the date of issuance is 6.5%. What is the total proceeds from the bond issuance?

Problem 2. If the bond in no. 1 was issued for 101.5, how much is the total proceeds from the bond issuance?

Problem 3. If the total proceeds from the bond issuance is $292,000, give the entry to record the bond issuance.

Reference no: EM132919747

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