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What was the total cash received on january

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Problem 1: On March 1, 2022, Burdick Co. issued bonds with a face value of $600,000. The bonds carry a stated interest rate of 8%; interest is payable each June 1st and December 1st. The bonds were issued at 105 plus accrued interest. The straight-line method is used. The bonds mature on 6/1/25. What was the total cash received on 3/1/22?

Select one:

a. $622,000
b. $630,000
c. $646,000
d. $642,000
e. $618,000

Reference no: EM132765768

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