Janis Corporation Purchased $60,000 of Keller Corporation's 10 Percent Bonds

question 86

Multiple Choice

Janis Corporation purchased $60,000 of Keller Corporation's 10 percent bonds at 96 plus accrued interest on March 1, 2012. The bonds mature on January 1, 2022, and interest is payable on June 30 and December 31. How much did Simpson pay in total on March 1, 2012?

• A) $60,000
• B) $58,600
• C) $57,600
• D) $56,600

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