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PA10-4 Comparing Bonds Issued at Par, Discount, and Premium [LO10-3] Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds:
PA10-4 Comparing Bonds Issued at Par, Discount, and Premium [LO10-3] Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2020 Maturity amount and date: $270,000 due in 10 years (December 31, 2029) Interest: 10 percent per year payable each December 31 Date issued: January 1, 2020 Required: 1. Provide the following amounts to be reported on the January 1, 2020, financial statements immediately after the bonds were issued: (Amounts to be deducted should be indicated with minus sign.) a. Bonds payable Case A Case B (issued at 100) (issued at 98) Case C (issued at 105) b. Unamortized premium (or discount) c. Carrying value $ 0 0 $ 0
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