Chapter $10$ Homework

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E$-$Tech Initiatives Limited plans to issue $$550,000,10-$year, $3$ percent bonds. Interest is payable annually on December $31.$ All of the bonds will be issued on January $1,2022.$ Show how the

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References bonds would be reported on the January $2,2022,$ balance sheet if they are issued at $96.($Deductions should be indicated by a minus sign.$)$

$\backslash$table$[[$E$-$TECH INITIATIVES LIMITED$],[$Balance Sheet $($partial$)],[$As of January $2,2022],[,],[,],[,],[$Carrying Value,$]]$