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Medstar Ambulance Service Information from the Company's Financial Records Is Presented Below

Question 164

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Medstar Ambulance Service
Information from the company's financial records is presented below: Medstar Ambulance Service Information from the company's financial records is presented below:   At the end of 2020, the company issued notes at par value for $1,200,000 cash. The proceeds were used to retire the $1,000,000 note issue outstanding at the end of 2019 (before their maturity date) . All interest expense was paid in cash during 2020. -Refer to Medstar Ambulance Service. How much was paid to retire the $1,000,000 note issue during 2020? A) $ 800,000 B) $1,200,000 C) $1,045,000 D) $1,075,000 At the end of 2020, the company issued notes at par value for $1,200,000 cash. The proceeds were used to retire the $1,000,000 note issue outstanding at the end of 2019 (before their maturity date) . All interest expense was paid in cash during 2020.
-Refer to Medstar Ambulance Service. How much was paid to retire the $1,000,000 note issue during 2020?


A) $ 800,000
B) $1,200,000
C) $1,045,000
D) $1,075,000

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