On September 1, 2020, ER Issued 11%, 10 Year Bonds

Multiple Choice

On September 1, 2020, ER issued 11%, 10 year bonds dated June 1, 2020, in the face amount of $140,000, with interest payable July 1 and December 31.The bonds were sold for $140,000.How much should ER debit to cash on September 1, 2020?

A) $142,567
B) $147,700
C) $140,000
D) Cannot be determined from the information given