(Answered) Question - patton corporation issued on 123113 100000 of 6

Accounting

Question - Patton Corporation issued on 12/31/13 $100,000 of 6 year, 12% bonds at 107.732 Interest is paid on semiannual interest dates. Straight line method of amortization is to be used. After one year (or two interest periods), what is the carrying value of the bonds?

1] $106,443

2] $100,000

3] $109,021

4] $107,732

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