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E-Tech Initiatives Limited plans to issue $660,000 10-year 7 50 percent bonds Interest is payable annually on December 31 All of the bonds will be

E-Tech Initiatives Limited plans to issue $660,000 10-year 7 50 percent bonds Interest is payable annually on December 31 All of the bonds will be issued on January 1. 2016 Show how the bonds would be reported on the January 2. 2016. balance sheet if they are issued at 102.

E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of January 2, 2016 Carrying Value

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