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The Technology Company issues $509,000 of 11%, 10year bonds at 107 on March31, 2018. The bonds pay interest on March 31 and September 30. Assume
The Technology Company issues $509,000 of 11%, 10year bonds at 107 on March31, 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 September30, 2018 balance sheet.(Round your intermediate answers to the nearestdollar.)
A.
$546,412
B.
$542,848
C.
$544,630
D.
$509,000
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