Candy Company prepared the following amortization table for $500,000 of 5-year, 9.2% bonds issued and sold by Panamint on January 1, 2025, for $457,000: Period Cash Payment (Credit) Interest Expense (Debit) Discount on Bonds Payable (Credit) Discount on Bonds Payable Balance Carrying Value At issue 43,000 457,000 06/30/25 $23,000 $27,300 $4,300 38,700 461,300 12/31/25 23,000 27,300 4,300 34,400 465,600 06/30/26 23,000 27,300 4,300 30,100 469,900 12/31/26 23,000 27,300 4,300 25,800 474,200 06/30/27 23,000 27,300 4,300 21,500 478,500 12/31/27 23,000 27,300 4,300 17,200 482,800 06/30/28 23,000 27,300 4,300 12,900 487,100 12/31/28 23,000 27,300 4,300 8,600 491,400 06/30/29 23,000 27,300 4,300 4,300 495,700 12/31/29 23,000 27,300 4,300 0 500,000 Required: Question Content Area 4. Indicate how these bonds will appear in Panamint's December 31, 2028, balance sheet. Panamint Candy Balance Sheet (partial) December 31, 2028 Bonds payable: Bonds Payable $Bonds Payable Less: Discount on Bonds Payable Less: Discount on Bonds Payable $Less: Discount on Bonds Payable

Answer rating: 100% (QA)

Based on the amortization table provided the bonds will ... View the full answer