On october 1, 2017, wenn company purchased 800 of the $1,000 face value, 8% bonds of loy, inc., for $936,000, including accrued interest of $16,000. the bonds, which mature on january 1, 2024, pay interest semiannually on january 1 and july 1. wenn used the straight-line method of amortization and appropriately recorded the bonds as available-for-sale. on wenn's december 31, 2018 balance sheet, the carrying value of the bonds is1. $896,000.2. $920,000.3. $912,000.4. $908,800.
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On october 1, 2017, wenn company purchased 800 of the $1,000 face value, 8% bonds of loy, inc., for...
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