The balance in the Bonds Payable account is a credit of $74,000. The balance in the Discount on Bonds Payable account is a debit of $3,650. What is the bond's carrying amount? O $3,650 O $70,350 O $74,000 O $77,650

The balance in the Bonds Payable account is a credit of $74,000. The balance in the Discount on Bonds Payable account is a debit of $3,650. What is the bond's carrying amount? O $3,650 O $70,350 O $74,000 O $77,650

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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33. Help me selecting the right answer. Thank you

The balance in the Bonds Payable account is a credit of $74,000. The balance in the Discount on Bonds Payable account is a debit of $3,650. What is the bond's
carrying amount?
$3,650
$70,350
$74,000
$77,650

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