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Parson Products Inc purchased 5186.000, 10% five-year bonds to hold until maturity The bonds were purchased on July 1 2020 at market value which was
Parson Products Inc purchased 5186.000, 10% five-year bonds to hold until maturity The bonds were purchased on July 1 2020 at market value which was 103, and wil mature on July 1, 2005 Interest payment dates are June 30 and December 31. Parson uses the straight line method to amortize any bond discount or premium What is the debit to Investment in Bonds at July 1, 2020? O A $186,000 OB. $191,580 O C. $182.520 D. $180 420
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