On June 30, 2016, Alpha Corporation issued $600,000 of 7%, 10-year bonds at 98½ its semiannual interest date. Alpha uses the straight-line method for amortization.
On June 30, 2016, Alpha Corporation issued $600,000 of 7%, 10-year bonds at 98½ 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 December 31, 2018? Round your answer to the nearest whole dollar.
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