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The county issued 6000000 4 bonds with interest payable

Question - The county issued $6,000,000, 4% bonds, with interest payable semi-annually on June 30 and December 31. The bonds sold for 101 on July 30, 2014. Proceeds from the bonds were to be used for construction of the library, with all interest and premiums received to be used to service the debt issue.

How you calculate the premium amount?

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Accounting Basics: The county issued 6000000 4 bonds with interest payable

Reference No:- TGS02865876

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Accounting Basics: The county issued 6000000 4 bonds with interest payable

Reference No:- TGS02865876

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