Rector Company s trial balance at December 31 reports Bonds Payable of $100,000 and Discount on Bonds Payable of $4,500. What is the carrying value of the bonds issue reported on the balance sheet at the end of the year

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Q 28

Question 28

Rector Company s trial balance at December 31 reports Bonds Payable of $100,000 and Discount on Bonds Payable of $4,500. What is the carrying value of the bonds issue reported on the balance sheet at the end of the year?

Select one:
a. $ 95,500.
b. $104,500.
c. $ 4,500.
d. $100,000.
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