P70.0 191812462488456 15 Econnect ACCOUNTING Chapter 10 Hw 010-111 Question 1 (of value 2.50 points M10-9 Computing and Reporting a Bond Liability Issued at a Discount [LO 10-3] E-Tech Inifiatives Limited plans to issue $550,000, 10-year, 6 percent bonds. Interest is payable annally on December 31: All of the bonds will be issued on January 1 , 2016. Show how the bonds would be reported on the January 2, 2016, balance sheet if they are issued at 97 (Negative amounts should be indicated by a minus sign.) E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of January 2, 2016 Carrying Value References eBook & Resources Worksheet Difficulty: 2 Medium M10-9 Computing and Reporting a Bond Liability Issued at a Discount [LO 10-3] Learning Objective: 10-03 Analyze and record bond lia transactions