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Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds Date of bonds: January 1, 2018 Maturity amount and date:
Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds Date of bonds: January 1, 2018 Maturity amount and date: $220,000 due in 10 years (December 31, 2027) Interest: 11.0 percent per year payable each December 31 Date issued: January 1, 2018 Required For each of the three independent cases that follow, provide the following amounts to be reported on the January 1, 2018, financial statements immediately after the bonds were issued: (Deductions should be indicated by a minus sign.) Case B (issued at 100) (at 97) Case A Case C (at 103) January 1, 2018-Financial Statements: a. Bonds payable b. Unamortized premium (discount) c. Carrying value 220,000 $ 220,000220,000 220,000
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