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Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2015 Maturity amount and date: $160,000

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

Date of bonds: January 1, 2015

Maturity amount and date: $160,000 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.

jan. 1 2015 financial statement CASE A issued @ 100 CASE B issued @ 95 CASE C issued @ 103
a. bonds payable
b. unamortized premium/discount
c. carrying value

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