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42.01 ook PA10-4 (Algo) Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3] Net Work Corporation, whose annual accounting period ends on December
42.01 ook PA10-4 (Algo) Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3] 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: $400.000 due in 10 years (December 31, 2030) Interest. 9.0 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.) January 1, 2021-Financial Statements: a Bonds payable b. Unamortized premium (discount) c Carrying value Case A (At 100) Case B (at 97) Case C (at 103)
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