Marshalis Corporation compieted a $620.000, 8 percent bond issue on January 1, 2018. The bonds...
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Accounting
Marshalis Corporation compieted a $620.000, 8 percent bond issue on January 1, 2018. The bonds pay interest each December 31 and mature 10 years from January 1, 2018. Required: For each of the three independent cases that follow, provide the following amounts to be reported on the January 1, 2018, financial statements immediately after the bonds were issued: (Deductions should be indicated by a minus sign.) lanuary 1,2018-Financial statements a. Bonds Payable b. Unamortized Premium (or discount) C Carrying Value Case B (Issued at 100) (at 95) Case A Case C (at 105)
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