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The Balance in the Bonds Payable Account Is a Credit

Question 94

Multiple Choice

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 $3350.What is the bond's carrying amount?


A) $3350
B) $70,350
C) $67,000
D) $63,650

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