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18. On January 1, Patterson Inc. issued JD 5,000,000. g% bonds for JD 4,095,000. The market rate of interest for these bonds is 10%. Interest
18. On January 1, Patterson Inc. issued JD 5,000,000. g% bonds for JD 4,095,000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Patterson uses the effective-interest method of amortizing bond discount. At the end of the first year, Patterson should report bonds payable of a JD 4,725,500b.JD 4,714,500. c.JD 258,050 d.JD 4,745,000. ue bonda at 102 on January 1
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