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On May 1, 2014, Stanton Company purchased $60,000 of Harris Company's 12% bonds at 100 plus accrued interest of $2,400.
Posted: Tue Jul 05, 2022 1:38 pm
by answerhappygod
- On May 1 2014 Stanton Company Purchased 60 000 Of Harris Company S 12 Bonds At 100 Plus Accrued Interest Of 2 400 1 (46.39 KiB) Viewed 6 times
On May 1, 2014, Stanton
Company purchased $60,000 of Harris
Company's 12% bonds at 100 plus accrued interest of $2,400. On June 30, 2014, Stanton received its first semiannual interest. On February 1, 2015, Stanton sold $50,000 of the bonds at 103 plus accrued interest. What are the total proceeds from the February 1, 2015 sale? $51,500 O $52,000 O $50,000 $52,400