Need correct option general accounting The balance in the Bonds Payable account is a credit of $125,000. Thebalance in the Discount on Bonds Payable account is a debit of $3,800.What is the carrying amount of these bonds?a. $121,200b. $125,000c. $128,800d. $131,200

Step 1: Define Carrying Amount of BondsThe carrying amount of bonds (also known as the book value)…

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 $3,800. What is the carrying amount of these bonds? a. $121,200 b. $125,000 c. $128,800 d. $131,200