Homework SoursePB104 Comparing Bonds Issued at Par Discount and Premium LO
PB10-4 Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3] Marshalls Corporation completed a $550,000, 6 percent 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 following amounts to be reported on the January 1, 2015, financial statements immediately after the bonds were issued: Case A (Issued at 100) Case B (at 95) Case C (at 105) January 1, 2015-Financial statements a. Bonds Payable b. Unamortized Premium (or discount) c. Carrying Value ![PB10-4 Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3] Marshalls Corporation completed a $550,000, 6 percent bond issue on January 1, 2015. The](/WebImages/43/pb104-comparing-bonds-issued-at-par-discount-and-premium-lo-1135629-1761607752-0.webp "PB10-4 Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3] Marshalls Corporation completed a $550,000, 6 percent bond issue on January 1, 2015. The")
Solution
Case A Case B Case C Bonds payable 550000 550000 550000 Unamortized premium(discount) 0 -27500 27500 Carrying value 550000 522500 577500