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The Technology Company issues $502,000 of 6%, 10-year bonds at 105 on March 31, 2024. The bonds pay interest on March 31
Posted: Thu May 19, 2022 12:35 pm
by answerhappygod
- The Technology Company Issues 502 000 Of 6 10 Year Bonds At 105 On March 31 2024 The Bonds Pay Interest On March 31 1 (26.05 KiB) Viewed 61 times
The Technology
Company issues $502,000 of 6%, 10-year bonds at 105 on March 31, 2024. The bonds pay interest on March 31 and September 30. Assume that the
company uses the straight - line method for amortization. Calculate the net balance that will be reported for the bonds on the September 30, 2024 balance sheet. (Round your intermediate answers to the nearest dollar.) O A. $525,845 B. $527,100 C. $502,000 OD. $528.355