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$17,407,069. $17,317,990. $17,233,953. $19,307,069. Discount-Mart issues $19 million in bonds on January 1, 2012. They have a eight-year term and pay interest semiannually. This is
$17,407,069.
$17,317,990.
$17,233,953.
$19,307,069.
Discount-Mart issues $19 million in bonds on January 1, 2012. They have a eight-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 1/1/12 $17,079,880 6/30/12 $950,000 $1,024,793 $74,793 17,154,673 12/31/12 950,000 1,029,280 79,280 17,233,953 6/30/13 950,000 1,034,037 84,037 17,317,990 12/31/13 950,000 What is the carrying value of the bonds as of December 31, 2013?
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