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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

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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: $330,000 due in 10 years (December 31, 2030) Interest: 11.0 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.) January 1, 2021---Financial Statements a Bonds payable b. Unamortized premium (discount) c. Carrying value Case A Case B (At 100) (at 96) 330,000 $ 330,000 $ 0 Case C (at 104) 330,000

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