Compute for the adjusted balances of the unamortized bond

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A twelve-percent bonds was issued by ME Inc. with a face value of P5,000,000, on October 1, 2019 at 96. The bonds will mature on October 1, 2029. Interest is paid every October 1 and April 1 of the year, thus, making it semi-annual. To amortize the bonds discount, ME Inc. uses straight line method.

Problem a: Based on the data, compute for the adjusted balances of the following as of March 31, 2025:

1) Unamortized bond discount:

2) Bond interest payable:

3) Total noncurrent liabilities:

Reference no: EM132725774

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