roblems Chapter 10 Powerpointx Secure https://n ucation.com/flow/connect.html Ch

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roblems Chapter 10 Powerpointx Secure https://n ucation.com/flow/connect.html Ch.10 Problems Saved Help Save& ExitSubmit O You received partial credit in the previous attempt. Check my work View previous attemmpt Required information The following information applies to the questions disployed below On January 1, 2018, Shay issues $300,00 2024, Sh and paid through December 31, 2023, the day before the purchase. The straight-line method is used to amortize any bond discount. 0 of 10%, 15-year bonds at a price of 9775, Six years later, on January 1, Part 4 of 7 ay retires 20% of these bonds by buying them on the open market at 105.25 All interest is accounted for 02:02-59 4. What is the carrying (book) value of the bonds and the carrying value of the 20% soon-to-be-retired bonds as of the close of business on December 31, 2023? eBook Entire Retired Group 20% Par value Remaining discount Carrying value Prey12 12 13 14 15 of 21Next re to search

Explanation / Answer

Req 4. Par value of Bonds 300000 Issue price of bonds (3000*97.75) 293250 Total Discount on Bonds payable 6,750.00 Divide: Life of Bonds 15.00 Annual Amortization of discount 450.00 Total Discount mortized in 6 years 2,700.00 Unamortized discount 4,050.00 Par value of retired bonds (300,000*20%) 60000 Unamortized Discount on retired bonds 810 (4050*20%) Entire Retired Group 20% Par value 300000 60000 Remaining discount 4050 810 carrying value 295950 59190

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