Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2018 Maturity amount and date: $150,000 due in 10 years (December 31, 2027)...

Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds:

Required:

1. For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2018, financial statements immediately after the bonds are issued. TIP: See Exhibit 10.5 for an illustration distinguishing Bonds Payable from their carrying value.(Deductions should be indicated by a minus sign.)
   

Extracted text: Case A Case B Case C January 1, 2018–Financial statements: (At 100) (At 96) (At 102) a. Bonds payable b. Unamortized premium (or discount) c. Carrying value