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P 22-10B (L04) 2. Carrying value, Sept. 30, Year 2: $579,600 BONDS ISSUED AT A DISCOUNT Brandon Inc., issued the following bonds at a discount:

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P 22-10B (L04) 2. Carrying value, Sept. 30, Year 2: $579,600 BONDS ISSUED AT A DISCOUNT Brandon Inc., issued the following bonds at a discount: Date of issueApril 1, 20-1 and sale: Principal amount $600,000 Sale price of bonds 96 Denomination $1,000 of bonds: Life of bonds: 10 years 7%, payable semiannually on September 30 and Stated rate

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