Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds:

Date of bonds: January 1, 2015

Maturity amount and date: $120,000 due in 10 years (December 31, 2024)

Interest: 10 percent per year payable each December 31

Date issued: January 1, 2015

Required:

1.

For each of the three independent cases that follow, provide the following amounts to be reported on the January 1, 2015, financial statements immediately after the bonds are issued. TIP: See Exhibit 10.5 for an illustration distinguishing Bonds Payable from their carrying value. (Negative amounts should be indicated with a minus sign.)

	January 1, 2015Financial statements:	Case A (issued at 100)	Case B (at 96)	Case C (at 102)
a.	Bonds payable
b.	Unamortized premium (or discount)
c.	Carrying value