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Marshall's Corporatio completed a $500,000, 7% bond issue on January 1, 2015. The bonds pay interest each December 31 and mature 10 years from...
Marshall's Corporatio completed a $500,000, 7% bond issue on January 1, 2015. The bonds pay interest each December 31 and mature 10 years from January 1, 2015.
Required:
For each of the three independent cases that follow, provide the amounts to be recorded on January 1, 2015, financial statements immediately after the bonds were issued.
at $100at $98at $102
Bonds Payable---------------------------------------------------$$$
Unamatorized premium or discount------------------------
Carrying value---------------------------------------------------
