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…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If bonds are issued at 101.25, this means thata. a $1,000 bond sold for $1,012.50.b. a $1,000 band sold for $101.25.c. the bonds sold at a discount.d. The bond rate of interest is 10.125% of the market rate of interest.
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3. If bonds are issued at 101.25, this means that a.a $1,000 bond sold for $1,012.50. b.the bonds sold at a discount. c.the bond rate of interest is 10.125% of the market rate of interest. d.a $1,000 bond sold for $101.25.
33. Help me selecting the right answer. Thank you

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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