The Cinci Company issues $100,000, 10% bonds at 103 on October 1, 2020. The bonds are dated January 1, 2020 and mature eight years from that date. Straight-line amortization is used.
Interest is paid annually each December 31. Compute the bond carrying value as of December
31, 2024.

According to the given values in the question:

The Amortization period is:

=

=

Number of months of Amortization is:

=

=

=

Now,

On bonds payable, the premium will be:

=

=

=

= ($)

The Unamortized premium will be:

=

=

=

= ($)

hence,

The carrying value as of December  31, 2024 will be:

=

= ($)

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your answer is b ^w^ hope i