Question: On July 1 , 2 0 2 2 , Garden Works, Incorporated issued $ 3 0 2 , 2 0 0 of ten - year,

On July 1,2022, Garden Works, Incorporated issued $302,200 of ten-year, 7% bonds for $308,000. The bonds were dated July 1,2022, and semi-annual interest will be paid each December 31 and June 30. Garden Works Incorporated uses the straight-line method of amortization.
What is the net amount of the bond liability to be reported on the December 31,2023 balance sheet?

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