PostHeaderIcon Asa Receipt

Easton 2012 Synge-11.5 Fastpitch 32/20.5 USSSA ASA New Warranty & Dealer receiptEaston 2012 Synge-11.5 Fastpitch 32/20.5 USSSA ASA New Warranty & Dealer receiptPaypalUS $189.9928d 6h 4m
WORTH 454 TOXIC SB454A 34/28 NEW IN WRAPPER! ASA!  WITH RECEIPT!WORTH 454 TOXIC SB454A 34/28 NEW IN WRAPPER! ASA! WITH RECEIPT!PaypalUS $224.996h 1m
NIW 2007 MIKEN RECOIL ASA MAXLOAD 27 OUNCE NEW 98 MPH SOFTBALL BAT WITH RECEIPTNIW 2007 MIKEN RECOIL ASA MAXLOAD 27 OUNCE NEW 98 MPH SOFTBALL BAT WITH RECEIPTPaypalUS $339.9918d 19h 37m
New in wrapper Easton Salvo 27 ounce with receipt for warranty SRV5 ASANew in wrapper Easton Salvo 27 ounce with receipt for warranty SRV5 ASAPaypal 5 BidsUS $61.052d 4h
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Asa Receipt
Asa Receipt
Cash receipts from bond issued?


I have a homework question for accounting that states, Asa Inc., issued $300,000 of 8-year, 7 percent bonds at 101. I have to state the cash proceeds and indicate whether the bond was sold at a premium or discount. Please help me on this question the book doesn't give me enough information to figure it out, and I have many more I need to do so this one would help out a lot. Thanks in advance!

If the sale price is $101 per $100 face value, it was issued at a premium. The cash proceeds from the issue was 1.01*$300,000 = $303,000.

Easton 2012 Synge-11.5 Fastpitch 32/20.5 USSSA ASA New Warranty & Dealer receiptEaston 2012 Synge-11.5 Fastpitch 32/20.5 USSSA ASA New Warranty & Dealer receiptPaypalUS $189.9928d 6h 4m
WORTH 454 TOXIC SB454A 34/28 NEW IN WRAPPER! ASA!  WITH RECEIPT!WORTH 454 TOXIC SB454A 34/28 NEW IN WRAPPER! ASA! WITH RECEIPT!PaypalUS $224.996h 1m
NIW 2007 MIKEN RECOIL ASA MAXLOAD 27 OUNCE NEW 98 MPH SOFTBALL BAT WITH RECEIPTNIW 2007 MIKEN RECOIL ASA MAXLOAD 27 OUNCE NEW 98 MPH SOFTBALL BAT WITH RECEIPTPaypalUS $339.9918d 19h 37m
New in wrapper Easton Salvo 27 ounce with receipt for warranty SRV5 ASANew in wrapper Easton Salvo 27 ounce with receipt for warranty SRV5 ASAPaypal 5 BidsUS $61.052d 4h
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