Business, 13.04.2021 02:10 kanga06

On October 1, 2021, Cullumber Company purchased to hold to maturity, 4100, $1000, 10% bonds for $4010000 which includes $61000 accrued interest. The bonds, which mature on February 1, 2030, pay interest semiannually on February 1 and August 1. Cullumber uses the straight-line method of amortization. The bonds should be reported in the December 31, 2021 balance sheet at a carrying value of $3949000. $3953530. $4010000. $4100000.

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On October 1, 2021, Cullumber Company purchased to hold to maturity, 4100, $1000, 10% bonds for $401...

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