Joseph Max, Incorporated, sold 10-year, 5 percent bonds for $1,000,000 at 98. Determine the carrying amount of the bonds, including their face value and unamortized discount, at the end of the sixth year the bonds were outstanding Carrying amount of the bonds

Joseph Max; Incorporated, sold 10 yeat, 5 percent bonds for $1,000,000 at 99 Determine the carrying amount of the bonds, including their foce value and unamortized discouriti ot the end of the suth year the bonds were outstanding