On January 1,2013,Jacob Issues $800,000 of 9%,13-Year Bonds at a Price

Multiple Choice

On January 1,2013,Jacob issues $800,000 of 9%,13-year bonds at a price of 96½.Six years later,on January 1,2019,Jacob retires 20% of these bonds by buying them on the open market at 105½.All interest is accounted for and paid through December 31,2018,the day before the purchase.The straight-line method is used to amortize any bond discount or premium.What is the carrying value of the bond on January 1,2019?

A) $772,000
B) $831,076
C) $784,924
D) $277,000
E) $800,000