5. On October 1, 2006, Ming Co. purchased 100 of the $1,000 face value, 8%...
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5. On October 1, 2006, Ming Co. purchased 100 of the $1,000 face value, 8% bonds of Loy, Inc., for $117,000, including accrued interest of $2,000. The bonds, which mature on January 1, 2013, pay interest semiannually on January 1 and July 1. Ming used the straight-line method of amortization and appropriately recorded the bonds as available-for-sale. On Ming's December 31, 2008 balance sheet, the carrying value of the bonds is
Group of answer choices
$112,000
$109,600.
$110,880.
$113,600.
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