General accounting question The balance in the Bonds Payable Account is a credit of $125,000. The balance in theDiscount on Bonds Payable Account is a debit of $1,800. How much is the bond carryingamount?a. $126,800b. $125,000c. $123,200d. $1,800

Bond's carrying amount = Bonds payable - Discount on bonds payableBond's carrying amount = 125,000…

Answered: The balance in the Bonds Payable…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 16MC: Keys Inc. issued 100 bonds with a face value of $1,000 and a rate of 8% at $1,025 each. The journal...

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The balance in the Bonds Payable Account is a credit of $125,000. The balance in the Discount on Bonds Payable Account is a debit of $1,800. How much is the bond carrying amount? a. $126,800 b. $125,000 c. $123,200 d. $1,800