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What is the carrying value of the bonds reported

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Question - On January 1, 2018, Solo Inc. issued 1,600 of its 9%, $1,000 bonds at 98.3. Interest is payable semiannually on January 1 and July 1. The bonds mature on January 1, 2028. Solo paid $57,000 in bond issue costs. Solo uses straight-line amortization.

What is the carrying value of the bonds reported in the December 31, 2018, balance sheet?

a. $1,524,220.

b. $2,560,000.

c. $2,617,000.

d. $1,595,520.

Reference no: EM132579425

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