On June 30, 2016, Alpha Company issued $200,000 of 10 ten-year bonds at 103 on its semiannual interest date. Alpha uses the straight-line method for amortization.
On June 30, 2016, Alpha Company issued $200,000 of 10 ten-year bonds at 103 on its semiannual interest date.
Alpha uses the straight-line method for amortization. Use this information to determine the carrying value of this bond issue after adjusting entries have been made on June 30, 2019? Round your answer to the nearest whole dollar.
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