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PA10-4 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

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PA10-4 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: sook Date of bonds: January 1, 2018 Maturity amount and date: $270,000 due in 10 years (December 31, 2027) Interesti 8.0 percent per year payable each December 31 Date issued: January 1, 2018 rences Required: For each of the three independent cases that follow. provide the following amounts to be reported on the January 1, 2018, financial statements immediately after the bonds were issued: (Deductions should be indicated by a minus sign.) January 1, 2018 Financial Statements: Case A (issued at 100) Case B (at 96) Case C (at 104) a. Bonds payable b. Unamortized premium (discount) c. Carrying value

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