Concept #1: Issuing Bonds at a Discount

Concept #2: Discount Bonds: Interest Expense, Amortization, and Cash

Concept #3: Discount Bonds: Interest Expense, Amortization, and Interest Payable

Concept #4: Discount Bonds: Repaying Principal at Maturity

Practice: In 2014, ABC Company issued $100,000, 10%, bonds while the market interest rate was 12%. The bonds mature in the current year. The amount of principal that ABC Company will repay in the current year is equal to: