jennifer sanchez 1 1/9/17 4:54 PM Homework: Chap. 1 Long-term Liabilities Score:

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jennifer sanchez 1 1/9/17 4:54 PM Homework: Chap. 1 Long-term Liabilities Score: 0 of 1 pt 4017 (7 complete) Hw Score: 55.07%, 3.85 of 7 pts E12-24 (similar to) Question Help * worldview Magazine issued S360000 of 15 year. 6% callable bonds payable on July 31, 2014, at 94 On July 31, 2017, worldview called the bonds at 103. Assume annual interest payments. Requirements 1. Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2017 2. Assume all amortization has been recorded properly. Journalize the retirement of the bonds on July 31, 2017. No explanation is required. Requirement 1 the -line amortization method.) First, complete the sentence below The carrying amount of the bonds payable at issuance (July 31, 2014) is s The on the bonds at issuance amounts to Enter your answer in the edit fields and then click Check Answer. parts Clear All

Explanation / Answer

2.

1.The carrying amount of the bonds payable at the issuance is $342,720. The discount on the bonds issuance amounts to $ 17280

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