Exhibit 14-3 Nazzi, Inc.sold $400, 000 of its 9%, five-year bonds dated January 1, 2010, on May 1, 2010, for $393, 000 plus accrued interest.Interest is paid on January 1 and July 1 and straight-line amortization is used.
-
Refer to Exhibit 14-3.The net liability for the bonds after recording the sale would be

Question

Quizplus · Accepted Answer

The Answer of Exhibit 14-3 Nazzi, Inc.sold $400, 000 of its 9%, five-year bonds dated January 1, 2010, on May 1, 2010, for $393, 000 plus accrued interest.Interest is paid on January 1 and July 1 and straight-line amortization is used.
-
Refer to Exhibit 14-3.The net liability for the bonds after recording the sale would be