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PA 1 0 - 4 ( Algo ) Comparing Bonds Issued at Par, Discount, and Premium [ LO 1 0 - 3 ] Net Work
PAAlgo Comparing Bonds Issued at Par, Discount, and Premium LO
Net Work Corporation, whose annual accounting period ends on December issued the following bonds:
Date of bonds: January
Maturity amount and date: $ due in years December
Interest: percent per year payable each December
Date issued: January
Required:
For each of the three independent cases that follow, provide the amounts to be reported on the January financial statements immediately after the bonds were issued: Deductions should be indicated by a minus sign.
tableJanuary Financial Statements:,tableCase AAt tableCase Bat tableCase Cat a Bonds payable,,,b Unamortized premium discountc Carrying value,,,
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