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On January 1, 2019 Sal Company sold 1,000 bonds 20 year bonds (face value of each bond is always $1,000) at at 98. What is
On January 1, 2019 Sal Company sold 1,000 bonds 20 year bonds (face value of each bond is always $1,000) at at 98. What is balance in the bond discount account at the issue date? Select one: O a $20,000 O b. $0 Oc. $8,000 Od $100,000 Ring Inc. bonds payable account balance is $800,000. The balance in the premium on bonds account is $10,000. What is the carrying value of these bonds? Select one: O a $800,000 Ob $790,000 O c. $810,000 Od $805,000 If the market rate at the time bonds are issued is greater than the bond contractual rate the bonds will sell at? Select one: O a Discount b. Premium
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