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The Technology Company issues $506,000 of 10%, 10year bonds at 108 on March 31, 2018. The bonds pay interest on March 31 and September 30.
The Technology Company issues $506,000 of 10%, 10year bonds at 108 on March 31, 2018. The bonds pay interest on March 31 and September 30. Assume that the company uses the straightline method for amortization. Calculate the net balance that will be reported for the bonds on the September 30, 2018 balance sheet. (Round your intermediate answers to the nearest dollar.) a. $506,000 b. $546,480 c. $544,456 d. $548, 504
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