7 On July 1, 2019, Garden Works, Inc, issued $300,000 of ten-year, 7% bonds for $303,000. The bonds were dated July 1, 2019, and semi-annual interest will be paid each December 31 and June 30, Garden Works Inc. uses the straight-line method of amortization, What is the net amount of the bond liability to be reported on the December 31, 2019 balance sheet? Multiple Choice $300,000 $302.850. $302,700 $303,000 6 On November 1, 2019, Davis Company issued $30,000, ten-year, 7% bonds for $29,100. The bonds were dated November 1, 2019, and interest is payable each November 1 and May 1. Davis uses the straight-line method of amortization. How much is the amount of discount amortization on each semi-annual interest date? Multiple Choice $90. $45. $900. $450