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On October 1, 2021 Ratael Company purchased to hold to maturity, 4000 $1.000 9% bonds for $3,950.000 which includes $60,000 accrued interest. The bonds which

On October 1, 2021 Ratael Company purchased to hold to maturity, 4000 $1.000 9% bonds for $3,950.000 which includes $60,000 accrued interest. The bonds which mature an Fstvuary 1, 2010, pay interest semiannually on February 1 and August 1 Rafael uses the straight-line method of amortization The bonds should be reported in the December 31, 2021 balance sheet at a carrying value of $3,961,750 53.903.000 O $3.960.000 $3,900,000image text in transcribed

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