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Sikes Corporation, whose annual accounting period ends on December 31, Issued the following bonds: Date of bonds: January 1, 2818 Maturity amount and date: $168,889

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Sikes Corporation, whose annual accounting period ends on December 31, Issued the following bonds: Date of bonds: January 1, 2818 Maturity amount and date: $168,889 due in 18 years (December 31, 2827) Interest: 1 percent per year payable each December 31 Date issued: January 1, 2818 Required: 1. For each of the three Independent cases that follow, provide the amounts to be reported on the January 1, 2018, financlal statements Immediately after the bonds are Issued. TIP: See Exhibit 10.5 for an llustration distinguishing Bonds Payable from thelr carrying value. (Deductlons should be indicated by e mlnus sign.) Case A Case B Case C (At 100) January 1, 2018-Financial statements a. Bonds payable b. Unamortized premium (or discount) c. Carrying value At 95) At 103)

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