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On July 1, 2019, Bonita Industries issued 12% bonds in the face amount of $11900000, which mature on July 1, 2025. The bonds were issued
On July 1, 2019, Bonita Industries issued 12% bonds in the face amount of $11900000, which mature on July 1, 2025. The bonds were issued for $11424292 to yield 13%, resulting in a bond discount of $475708. Bonita uses the effective-interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2021, Bonita's unamortized bond discount should be (Round intermediate calculations to 0 decimal places, e.g. 9,020,890.)
$371561.
$341561.
$353961.
$383561.
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