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On January 1, 2018 Plat Company issued $300,000 of 99% five year bonds payable at 101 Plat Company has extra cash and wishes to retire

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On January 1, 2018 Plat Company issued $300,000 of 99% five year bonds payable at 101 Plat Company has extra cash and wishes to retire the bonds payable on January 1, 2019, immediately after making the second semiannual interest payment lore the bonds Patz pays the market price of 92 Head the remonts (Assume bonds payable are amortized ning the straight line amortization method Requirement 1. What is Plate Company's carrying amount of the bonds payable on the rivement date? The carrying amount of the bonds payable on the retirement dat is 0 Requirements Requirement 2. How much cash must Platz Company pay to retire the bonds payabile? To retire the bonds, Plate Company must pays Requirement. Compute Pla Company's gain or loss on the refrement of the bonds payabile (Use parentheses or a minu 1. What is Plate Company's carrying amount of the bonds payable on the retirement date? 2. How much cash must Platz Company pay to retire the bonds payable? 3. Compute Plate Company's gain or loss on the recement of the bonds pays Platz Company's gain or loss on the retirement of the bonds payable Print Done Enter any number in the contes and then connue to the b e son

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