Balance on the Discount on Bonds account

Accounting
Tutor: None Selected Time limit: 1 Day

On December 31, a company issued 16%, 10-year bonds with a par value of $350,000. Interest is paid semi-annually. Cash received on this bond sale was $325,600. What is the balance on the Discount on Bonds account after the second semi- annual interest payment? 

A. $25,600 

C. $21,960 

B. $24,400 

D. $0 

Jun 20th, 2015

Thank you for the opportunity to help you with your question!

A=P(1+R/N)nt

but our par is 350000

received is 325,600

The difference =$24,400

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 20th, 2015

Thank you!

Jun 20th, 2015

please give me good reputation

Jun 20th, 2015

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Jun 20th, 2015
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Jun 20th, 2015
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