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January 1, 2013-Financial Statements Case A (Issued at 100) Case B (At 98) Case C (At 102) Bonds Payable Unamortized Premium (or discount) Carrying Value
January 1, 2013-Financial Statements | Case A (Issued at 100) | Case B (At 98) | Case C (At 102) |
Bonds Payable | |||
Unamortized Premium (or discount) | |||
Carrying Value |
Marshalls Corporation completed a $500,000, 7 percent bond issue on January 1, 2013. The bonds pay interest each December 31 and mature 10 years from January 1, 2013. |
Required: |
1. | Provide the following amounts to be reported on the January 1, 2013, financial statements immediately after the bonds were issued: |
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