question archive On September 1, 2002, Gonzalez Company issued $1836000 of 15−year, 10% bonds at 107
On September 1, 2002, Gonzalez Company issued $1836000 of 15−year, 10% bonds at 107
Subject:FinancePrice: Bought3
On September 1, 2002, Gonzalez Company issued $1836000 of 15−year,
10% bonds at 107. The bonds were dated September 1, 2002, and pay interest on September 1 and March 1. Gonzalez Company uses the straight-line method to amortize the discount or premium.
Assuming that the entry to amortize the discount or premium to date has been made, what is the carrying value of the bonds on December 31, 2005?
