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Enterprise Group issued $100,000 of 3-year, 6% bonds outstanding on December 31, 2015 for $102,000. Enterprise...

Enterprise Group issued $100,000 of 3-year, 6% bonds outstanding on December 31, 2015 for $102,000. Enterprise uses straight-line amortization. On April 1, 2016, $20,000 of the bonds were retired at 104.

What is the book value of the bonds sold on April 1? (PLEASE SHOW ALL WORK AND EXPLAIN)

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ekkarill92 answered 1 year ago
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