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On December 31 Spearmint, Incorporated, issued $450,000 of 9 percent, 3-year bonds at a premium of $11,795. The bonds pay interest semiannually. Spearmint uses the
On December 31 Spearmint, Incorporated, issued $450,000 of 9 percent, 3-year bonds at a premium of $11,795. The bonds pay interest semiannually. Spearmint uses the straight-line bond amortization method. The entry to record each interest payment includes a debit to Bond Interest Expense for $18,284, a debit to Premium on Bonds Payable for $1,966, and a credit to Cash for $20,250. At June 30 of the next year the carrying value of the bonds will equal _____. multiple choice $0 $9,829 $450,000 $459,829 Show work please
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