Solved: How do i show the balance sheet presentation of the bond, Accounting Basics

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How do i show the balance sheet presentation of the bond

Question - Paris Electric sold $3,300,000, 10%, 10-year bonds on January 1, 2017. The bonds were dated January 1 and pay interest annually on January 1. Paris Electric uses the straight line method to amortize bond premium or discount. The bonds were sold at 102. How do I show the balance sheet presentation of the bond liability at December 31, 2018 using a Balance Sheet (Partial)?

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Accounting Basics: How do i show the balance sheet presentation of the bond

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Accounting Basics: How do i show the balance sheet presentation of the bond

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