PB10-4 Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3] Marshalls Corporation completed a...
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PB10-4 Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3] Marshalls Corporation completed a $640,000 8 percent bond issue on January 1 2015 The bonds pay interest each December 31 and mature 10 years from January 1. 2015 Required: 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 were issued Case B (Issued at 100)lat 98) Case A 1, 2015 Financial statements (at 102) a. Bonds Payable b fUnamortized Premium (or discount) c. Carrying Value
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