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On January 1, 2021, Solo Inc. Issued 1,600 of Its 8%, $1,000 bonds at 98.0. Interest Is payable semiannually on January 1 and July
On January 1, 2021, Solo Inc. Issued 1,600 of Its 8%, $1,000 bonds at 98.0. Interest Is payable semiannually on January 1 and July 1. The bonds mature on January 1, 2031. Solo paid $55,000 in bond issue costs. Solo uses straight-line amortization. What is the carrying value of the bonds reported in the December 31, 2021, balance sheet? Multiple Choice $2,560,000. $2,615,000. $1,521,700. $1,661,200.
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