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Cullumber Company received proceeds of $822500 on 10 -year, 9% bonds issued on January 1 , 2019. The bonds had a face value of $872000,
Cullumber Company received proceeds of $822500 on 10 -year, 9% bonds issued on January 1 , 2019. The bonds had a face value of $872000, pay interest annually on December 31 , and have a call price of 105. Cullumber uses the straight-line method of amortization. What is the carrying value of the bonds on January 1,2021 ? $827450$862100$872000$832400
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