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PA 1 0 - 4 ( Algo ) Comparing Bonds Issued at Par, Discount, and Premium [ LO 1 0 - 3 ] Net Work

PA10-4(Algo) Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3]
Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds:
Date of bonds: January 1,2021
Maturity amount and date: $320,000 due in 10 years (December 31,2030)
Interest: 10.5 percent per year payable each December 31
Date issued: January 1,2021
Required:
For each of the three independent cases that follow, provide the amounts to be reported on the January 1,2021, financial statements immediately after the bonds were issued: (Deductions should be indicated by a minus sign.)
\table[[January 1,2021-Financial Statements:,\table[[Case A],[(At 100)]],\table[[Case B],[(at 98)]],\table[[Case C],[(at 102)]]],[a. Bonds payable,,,],[b. Unamortized premium (discount),,,],[c. Carrying value,,,]]
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