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

Date of bonds: January 1, 2015

Maturity amount and date: $190,000 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 10.5for an illustration distinguishing Bonds Payable from their carrying value. (Negative amounts should be indicated with a minus sign.)

Jan 1 financial statements	case A (issused at 100)	Case B (at 95)	Case C (at 103)
Bonds Payable
unamortized premium ( or discount)
Carrying value