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On January 1, 2018, Solo Inc issued 1,500 of its 10%, $1,000 bonds at 976. Interest is payable semiannually on January 1 and July 1.

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On January 1, 2018, Solo Inc issued 1,500 of its 10%, $1,000 bonds at 976. Interest is payable semiannually on January 1 and July 1. The bonds mature on January 1, 2028. Solo paid $53,000 in bondissue costs. Solo uses straight-line amortization. What is the carrying value of the bonds reported in the December 31, 2018, balance sheet? Multiple Choice S2250000. $1,419,900. S1,487600, S2,303,000

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