Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: Increase in Carrying Carrying Interest Value Cash Paid Value Date Expense 01/01/2021 $246,803 06/30/2021 $10,400 $12,340 $1,940 248,743 12/31/2021 10,400 12,437 2,037 250,780 06/30/2022 10,400 12,539 2,139 252,919 12/31/2022 10,400 12,646 2,246 255,165 06/30/2023 10,400 257,523 12,758 2,358 12/31/2023 10,400 12,877 260,000 2,477 THA issued the bonds for: Multiple Choice $260,000. $246,803. $322,400 THA issued the bonds for: Multiple Choice $260,000 $246,803. $322,400 Cannot be determined from the given information.

Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: Increase in Carrying Carrying Interest Value Cash Paid Value Date Expense 01/01/2021 $246,803 06/30/2021 $10,400 $12,340 $1,940 248,743 12/31/2021 10,400 12,437 2,037 250,780 06/30/2022 10,400 12,539 2,139 252,919 12/31/2022 10,400 12,646 2,246 255,165 06/30/2023 10,400 257,523 12,758 2,358 12/31/2023 10,400 12,877 260,000 2,477 THA issued the bonds for: Multiple Choice $260,000. $246,803. $322,400 THA issued the bonds for: Multiple Choice $260,000 $246,803. $322,400 Cannot be determined from the given information.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 6PA: Aggies Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July 1,...

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