What is the bond carrying amount for this question? The balance in the Bonds Payable Account of AtlasCorporation shows a credit of $95,000. The balance in thePremium on Bonds Payable Account shows a credit of$1,500. What is the bond carrying amount?a. $93,500b. $95,000c. $96,500d. $1,500

When bonds are issued at a price higher than their face value, or par value, a premium is created.…

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 3MC: The principal of a bond is ________. A. the person who sold the bond for the company B. the person...

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The balance in the Bonds Payable Account of Atlas Corporation shows a credit of $95,000. The balance in the Premium on Bonds Payable Account shows a credit of $1,500. What is the bond carrying amount? a. $93,500 b. $95,000 c. $96,500 d. $1,500