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#10 On 11?2020, Zwick Construction purchased 4% bonds with a par value of...

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Accounting

#10
On 11?2020, Zwick Construction purchased 4% bonds with a par value of $20,000 and
a maturity date of 1231?2023. The bonds pay interest annually at the end of each year.
Zwick paid $18,614 for the bonds, which were classified as held-to-maturity', for an
effective yield of 6%. Zwick created the following amortization table for the bonds:
On 10/1/23, Zwick decided to sell the bonds for $19,900 plus accrued interest.
What amount of realized gain or loss will Zwick record on 10/1/23 for the sale of the
bonds? If your answer is a gain, enter a positive number (e.g.,500). If your answer is a loss,
enter a negative number (e.g.,-500).
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