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Calculate the net balance that will be reported for the bond

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Reference no: EM132666880

Problem 1: The Technology Company issues $509,000 of 11?%, 10-year bonds at 107 on March? 31, 2018. The bonds pay interest on March 31 and September 30. Assume that the company uses the straight-line method for amortization. Calculate the net balance that will be reported for the bonds on the September? 30, 2018 balance sheet.? (Round your intermediate answers to the nearest? dollar.)

A. $546,412
B. $542,848
C. $544,630
D. $509000

Reference no: EM132666880

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