Question: E - Tech Initiatives Limited plans to issue $ 6 0 0 , 0 0 0 , 1 0 - year, 5 percent bonds. Interest

E-Tech Initiatives Limited plans to issue $600,000,10-year, 5 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1,2025.
Required:
Show how the bonds would be reported on the January 2,2025, balance sheet if they are issued at 98.
balance sheet

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