Problem:
On January 1, 2013, Zebra Corporation issued 1,400 of its 10%, $1,000 bonds at 98.1. Interest is payable semiannually on January 1 and July 1. The bonds mature on January 1, 2023. Zebra paid $56,000 in bond issue costs. Zebra uses the straight-line amortization method.
Required:
Question: What is the bond carrying value reported in the December 31, 2013, balance sheet?
Note: Please show guided help with steps and answer.