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PB10-4 (Algo) Comparing Bonds Issued at Par, Discount, and Premium (LO 10-3] Marshalls Corporation completed a $630,000, 6 percent bond issue on January 1, 2021.
PB10-4 (Algo) Comparing Bonds Issued at Par, Discount, and Premium (LO 10-3] Marshalls Corporation completed a $630,000, 6 percent bond issue on January 1, 2021. The bonds pay interest each December 31 and mature 10 years from 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, 2021Financial statements Case A (At 100) Case B (at 97) Case C (at 103) $ 630,000 $ 630,000 $ 630,000 a. Bonds Payable b. Unamortized Premium (or discount) C. Carrying Value
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