Bogart . issued P800,000 of 12% face value bonds for P851,706. The bonds which were dated and issued on April 1, 2017, are due March 31, 2021, and pay interest semiannually on September 30 and March 31. The company sold the bonds to yield 10%. How much is carrying value of the bonds payable as of December 31, 2017?

Bogart . issued P800,000 of 12% face value bonds for P851,706. The bonds which were dated and issued on April 1, 2017, are due March 31, 2021, and pay interest semiannually on September 30 and March 31. The company sold the bonds to yield 10%. How much is carrying value of the bonds payable as of December 31, 2017?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 4EB: Chung Inc. issued $50,000 of 3-year bonds on January 1, 2018, with a stated rate of 4% and a market...

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