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The balance in the Bonds Payable Account is a credit of $200,000. The balance in the Premium on Bonds Payable Account is a credit of $4,500. How much is the bond carrying amount? a. $195,500 b. $204,500 c. $200,000 d. $4,500

The balance in the Bonds Payable Account is a credit of $200,000. The balance in the Premium on Bonds Payable Account is a credit of $4,500. How much is the bond carrying amount? a. $195,500 b. $204,500 c. $200,000 d. $4,500

FINANCIAL ACCOUNTING
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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The balance in the Bonds Payable Account is a credit of $200,000. The balance in the Premium on Bonds Payable Account is a credit of $4,500. How much is the bond carrying amount? a. $195,500 b. $204,500 c. $200,000 d. $4,500
Transcribed Image Text:The balance in the Bonds Payable Account is a credit of $200,000. The balance in the Premium on Bonds Payable Account is a credit of $4,500. How much is the bond carrying amount? a. $195,500 b. $204,500 c. $200,000 d. $4,500
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