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Chapter IU HOMEWOIK 1 Saveu Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2018
Chapter IU HOMEWOIK 1 Saveu Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2018 Maturity amount and date: $100,000 due in 10 years (December 31, 2027) Interest: 10 percent per year payable each December 31 Date issued: January 1, 2018 10 points Required: eBook 1. For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2018, financial statements immediately after the bonds are issued. TIP: See Exhibit 10.5 for an illustration distinguishing Bonds Payable from their carrying value. (Deductions should be indicated by a minus sign.) Print Case A (At 100) Case B (At 95) Case C (At 103) References January 1, 2018Financial statements: a. Bonds payable b. Unamortized premium (or discount) c. Carrying value
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