menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 1
  4. Exam
    Exam 14: Long-Term Liabilities
  5. Question
    The Balance in the Bonds Payable Account Is a Credit
Solved

The Balance in the Bonds Payable Account Is a Credit

Question 42

Question 42

True/False

The balance in the Bonds Payable account is a credit of $77,000.The balance in the Discount on Bonds Payable is a debit of $3,600.The balance sheet will report the bond balance as $80,600.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q37: On March 1,2018,Lewis Services issued a

Q38: Which of the following is TRUE of

Q39: On January 1,2019,Commercial Equipment Sales issued $28,000

Q40: Premium on Bonds Payable is additional Interest

Q41: On July 1,2019,Reliable Services issued $39,000 of

Q43: Future value is always less than present

Q44: The balance sheet shows the balance in

Q45: When a bond is issued at a

Q46: After a bond is issued,investors may buy

Q47: When preparing an amortization schedule,the interest expense

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines