Business, 31.05.2021 17:20 kaylaanderson348

Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Payment Cash Effective Interest Decrease in Balance Outstanding Balance 8,640,967 1 300,000 345,639 45,639 8,686,606 2 300,000 347,464 47,464 8,734,070 3 300,000 349,363 49,363 8,783,433 4 300,000
What is the book value of the bonds as of December 31, 2022?
a. $600,000
b. $700,700
c. $100,700

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Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and...