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    Exam 14: Long-Term Liabilities
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    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 138

Question 138

True/False

The balance in the Bonds Payable account is a credit of $67,000.The balance in the Discount on Bonds Payable account is a debit of $2,650.The bond's carrying amount is $64,350.

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