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    Business
  3. Study Set
    Accounting
  4. Exam
    Exam 11: Long-Term Liabilities, bonds Payable, and Classification of Liabilities on the Balance Sheet
  5. Question
    The Balance in the Bonds Payable Account Is a Credit
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The Balance in the Bonds Payable Account Is a Credit

Question 127

Question 127

True/False

The balance in the Bonds payable account is a credit of $50,000.The balance in the Discount on bonds payable account is a debit of $1,500.The bond carrying amount is $51,500.

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