The balance in the Bonds Payable account is a credit of $67,000

The balance in the Bonds Payable account is a credit of $67,000. The balance in the Discount on Bonds Payable account is a debit of $3,350. What is the bond's carrying amount?

A) $3,350 B) $70,350 C) $67,000 D) $63,650

Solutions

Expert Solution

Answer : D) 63,650

Bond's Carrying Value = Bonds Payables +Discount on bonds payable

Bonds Carrying Value = $67,000-$3,350 = $63,650

ekkarill92 answered 1 year ago

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