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Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2008. Maturity amount and date: $250,000
Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds:
Date of bonds: January 1, 2008. |
Maturity amount and date: $250,000 due in 12 years (December 31, 2017). |
Interest: 11 percent per year payable each December 31. |
Date issued: January 1, 2008. |
Required: |
Provide the following amounts to be reported on the January 1, 2008, financial statements immediately after the bonds are issued: (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Omit the "$" sign in your response.) |
Case A (issued at 100) | Case B (issued at 95.2) | Case C (issued at 102.4) | ||
a. | Bonds payable | $ | $ | $ |
b. | Unamortized premium or discount | |||
c. | Unpaid bond liability | $ | $ | $ |
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