E-Tech Initiatives Limited plans to issue $450,000, 10-year, 5 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2022. Show how the bonds would be reported on the January 2, 2022, balance sheet if they are issued at 96. (Deductions should be indicated by a minus sign.)

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Q: E-Tech Initiatives Limited plans to issue $450,000, 10-year, 5 percent bonds. Interest is payable…

A: please like the answer your response matters  Long term Liabilities:   Bonds Payable $450,000…

Q: E-Tech Initiatives Limited plans to issue $500,000, 10-year, 5 percent bonds. Interest is payable…

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Q: E-Tech Initiatives Limited plans to issue $400,000, 10-year, 4 percent bonds. Interest is payable…

A: Carrying value is an accounting measure of value in which the value of an asset or company is based…

Q: E-Tech Initiatives Limited plans to issue $500,000, 10-year, 4 percent bonds. Interest is payable…

A: Number of bonds=Total valuePar value=$500,000$100=5,000

Q: E-Tech Initiatives Limited plans to issue $550,000, 10-year, 3 percent bonds. Interest is payable…

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A: Bonds Payable issued at discount - Bonds payable is the obligation of the company to be paid at the…

Q: E-Tech Initiatives Limited plans to issue $400,000, 10-year, 4 percent bonds. Interest is payable…

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A:

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