Problem: FWP Co. issued $100,000, 10-year bonds on January 1, 2011. The stated rate of interest on the bonds is 10% payable annually on 12/31. Provide the requested information for the bonds immediately after issuance (January 1, 2011) under each of the three independent scenarios described below:
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Case 1 Bonds Sold at 100
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Case 2 Bonds Sold at 104
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Case 3 Bonds Sold at 98
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Bonds Payable
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Unamortized Premium or Discount
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Bonds Payable, net
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