PB10-4 (Algo) Comparing Bonds Issued at Par, Discount, and Premium (LO 10-3) Marshalls Corporation completed...
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PB10-4 (Algo) Comparing Bonds Issued at Par, Discount, and Premium (LO 10-3) Marshalls Corporation completed a $680,000, 7 percent bond issue on January 1, 2021. The bonds pay interest each December 31 and mature 10 years from January 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 a minus sign.) Case A (At 100) Case B (at 97) Case C (at 103) January 1, 2021-Financial statements a. Bonds Payable b. Unamortized Premium (or discount) c. Carrying Value
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