The Tarrago Company issues $534,000 of 11%, 10-year bonds at 107 on March 31, 2017. The bond pays 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, 2017 balance sheet. (Round your intermediate answers to the nearest dollar.)

Answer rating: 100% (QA)

Answer 569511 Premium on bonds Payable 534000007 37... View the full answer