Religious Studies homework help. On January 1, 2017, Tonika Corporation issued a five-year, $10,000, 10% bond. The interest is payable annually each December 31. The issue price was $9,631 based on an 11% effective interest rate. Assuming effective-interest amortization is used, the December 31, 2018 book value after the December 31, 2018 interest payment was made is closest to:
Religious Studies homework help
Religious Studies homework help. On January 1, 2017, Tonika Corporation issued a five-year, $10,000, 10% bond. The interest is payable annually each December 31. The issue price was $9,631 based on an 11% effective interest rate. Assuming effective-interest amortization is used, the December 31, 2018 book value after the December 31, 2018 interest payment was made is closest to:
