Question: The Melon Company issues $ 5 1 5 , 0 0 0 of 6 % , 1 0 - year bonds at 1 0 4

The Melon Company issues $515,000 of 6%,10-year bonds at 104 on March 31, Year 1. The bonds pay 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, Year 1 balance sheet. (Round your intermediate answers to the nearest dollar.)
$536,630
$535,600
$534,570
$515,000
 The Melon Company issues $515,000 of 6%,10-year bonds at 104 on

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