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How much is the carrying amount of the bonds

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Question - On January 1, 2020, AAA Co. A. 8,844,635B. 8,793,368C. 8,312,341D. 8,216,735 issued 10%, P12,000,000 bonds at 105. Transaction costs incurred amounted to P177,096. Principal on the bonds mature in three equal annual installments. Interest payments are also made annually at each year-end. How much is the carrying amount of the bonds on December 31, 2020?

Reference no: EM132872632

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