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  3. 5. on october 1, 2006, ming co. purchased 100 of t

5. On October 1, 2006, Ming Co. purchased 100 of the $1,000 face value, 8%...

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Accounting

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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