I need help answering these question parts, please! ( Type ypur answer up so it

Question

I need help answering these question parts, please! ( Type ypur answer up so it becomes more clear for me, please) Thank you CP1O 4 Comparing Bonds Issued at Par, Discount, and Premium ILO 10-3] Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds Date of bonds: January 1, 2015 Maturity amount and date: $240,000 due in 10 years (December 31, 2024) Interest 10 percent per year payable each December 31 Date issued January 1, 2015 Required: 1. 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 are issued. TIP: See Exhibit 10.5 for an illustrašon distinguishing Bonds Payable from their carrying value. (Negative amounts should be indicated with a minus sign.) January 1,2015-Financial statements: issued at 100) (at 97) Case A Case B Case C (at 101) a. Bonds payable b Unamortized premium (or discount) | Carrying value

Explanation / Answer

Table :

January 1,2015-Financial statements Case A (issued at 100) Case B (at 97) Case C (at 101) a. Bonds payable 240000 240000 240000 b. Unamortized premium (or discount) 0 -7200 2400 c. Carrying value 240000 232800 242400

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