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(a) Issued $2,750,000 of 10-year, 8% bonds at 97. (b) Amortized bond discount for a full year, using thestraight-line method. (c) Called bonds at 98.
(a) | Issued $2,750,000 of 10-year, 8% bonds at 97. |
(b) | Amortized bond discount for a full year, using thestraight-line method. |
(c) | Called bonds at 98. The bonds were carried at $2,692,250 at the time of the redemption. |
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