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4 3 points Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2021
4 3 points Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2021 Maturity amount and date: $280,000 due in 10 years (December 31, 2030) Interest: 8.5 percent per year payable each December 31 Date issued: January 1, 2021 Required: For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2021, financial statements immediately after the bonds were issued: (Deductions should be indicated by a minus sign.) Answer is not complete. January 1, 2021-Financial Statements: Case A (At 100) Case B (at 97) Case C (at 103) a. Bonds payable $ 280,000 $ 280,000 $ 280,000 b. Unamortized premium (discount) 0 c. Carrying value $ 280,000
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