On November 1, 2013, Davis Company Issued $30,000, Ten-Year, 7

Multiple Choice

On November 1, 2013, Davis Company issued $30,000, ten-year, 7% bonds for $29,100. The bonds were dated November 1, 2013, and interest is payable each November 1 and May 1. How much is the book value of the bonds after the November 1, 2014 interest payment was recorded, assuming the straight-line method of amortization is utilized?

A) $29,010.
B) $29,100.
C) $29,190.
D) $29,280.