Jarmin Company received proceeds of $188,500 on 10-year, 8% bonds issued on January 1, 2011. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31, and have a call price of 101. Jarmin uses the straight-line method of amortization.
What is the carrying value of the bonds on January 1, 2013? (Points : 2)
$200,000
$190,800
$197,700
$189,650
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