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10 pts > Question 6 The Melon Company issues $518,000 of 10%, 10-year bonds at 108 on March 31. Year 1. The bonds pay interest
10 pts > Question 6 The Melon Company issues $518,000 of 10%, 10-year bonds at 108 on March 31. Year 1. The bonds pay interest on March 31 and September 30. Assume that the company uses the straight-line method for amortization calculate the net balance that will be reported for the bonds on the September 30. Year 1 balance sheet. (Round your intermediate answers to the nearest dollar.) $557 368 $561.512
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