Question: Use the following information to answer the next question (set of 2): On July 1, 2017 the following bonds were sold: $600,000 Texana Corporation 5%

Use the following information to answer the next question (set of

Use the following information to answer the next question (set of 2): On July 1, 2017 the following bonds were sold: $600,000 Texana Corporation 5% bonds dated July 1, 2017 and due July 1, 2029. Interest payment dates are 1/1 and 7/1.Price 80 1/2. The bonds will yield a 7.5% return. (Use the straight-line mothod and round all answers to the nearest dollar.) What is the carrying value of the bonds on 12/31/18? $600,000 $497, 625 $502, 500 $580, 500 $585, 375

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