Homework Answers
1. Answer: $108,000
Calculations:
| Bonds payable [face value] | $ 100,000 |
| Add: Balance in bonds payable account on 1/2/2017 | $ 8,000 |
| Carrying value of the bonds 1/2/2017 | $ 108,000 |
2.Answer: $100,000
Explanation:
Maturity amount is Equal to 'Face value of the bonds'.
Therefore, $100,000 to be paid on Maturity date of Jan 2,2025
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