ACCT CB211

chpt 10 q 34

all help appreciated

PA10-4 Comparing Bonds Issued at Par, Discount, and Premium (LO3] Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2017 Maturity amount and date: $250, eee due in 18 years (December 31, 2026) Interest: 7 percent per year payable each December 31 Date issued: January 1, 2017 Required: 1. Provide the following amounts to be reported on the January 1, 2017, financial statements immediately after the bonds were issued (Amounts to be deducted should be indicated with minus sign.) Case A Case B Case C issued at 100) issued at 98) (issued at 101) $ 250,000 $ 250.000 $ 250.000 a. Bonds payable b. Unamortized premium for discount) c. Carrying value $ 250,000 $ 250.000 $ 250.000