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hw3 PA10-4 (Algo) Comparing Bonds Issued at Par, Discount, and Premium...

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Accounting

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PA10-4 (Algo) Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3] Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds. January 1, 2021 Maturity atnount and date: $250.000 due in 10 years (December 31,2030 ) Interest: 125 percent per year payable each December 31 Date issued: Januarry 1,2021 Required: For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2021, financial statements immediately after the bonds were issued: (Deductions should be indicated by o minus sign.)

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