On January 1, 2020, Burger Company issued P2,000,000 of 10-year, 8% bonds at par. The bonds, dated January 1, 2020, pay interest semi-annually on January 1 and July 1. Bond issue costs incurred was P250,000. What is the bond carrying amount at January 2, 2020? A. 1,750,000 B. 1,910,000 C. 2,000,000 D. 2,250,000

On January 1, 2020, Burger Company issued P2,000,000 of 10-year, 8% bonds at par. The bonds, dated January 1, 2020, pay interest semi-annually on January 1 and July 1. Bond issue costs incurred was P250,000. What is the bond carrying amount at January 2, 2020? A. 1,750,000 B. 1,910,000 C. 2,000,000 D. 2,250,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...

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