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P10-4 Comparing Bonds Issued at Par, Discount, and Premium (Straight-Line Amortization) LO2, 3, 4 Sikes Corporation, whose annual accounting period ends on December 31, issued
P10-4 Comparing Bonds Issued at Par, Discount, and Premium (Straight-Line Amortization) LO2, 3, 4 Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2009 Maturity amount and date: $175,000 due in 10 years Interest: 6 percent per annum payable each December 31 Date sold: January 1, 2009 Straight-line amortization is used. Required: Provide the following amounts to be reported on the December 31, 2009, financial statements: Round answers to the nearest whole number. Amounts in parentheses do not require a negative sign in front of them. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" and "%" signs in your response. Case A Case B Case C at Par 100 at 99 at 104 a. Interest expense $ $ $ b. Bonds payable $ $ $ c. Unamortized premium or discount ( ) d. Net liability $ $ $ e. Stated rate of interest % % % f. Cash interest paid $ $ $
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