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 95

Question 95

True/False

The balance in the Bonds Payable account is a credit of $16,500.The balance in the Premium on Bonds Payable account is a credit of $1,000.The balance sheet will report the bond balance as $15,500.

Correct Answer:

verifed

Verified

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

Related Questions

Q90: Money earns interest over time,a fact called

Q91: Which of the following describes a debenture?<br>A)

Q92: On January 1,2018,Global Sales issued $25,000 in

Q93: On January 1,2018,Waller Sales issued $30,000 in

Q94: The balance in the Bonds Payable account

Q96: Contra accounts have the same normal balance

Q97: When a bond is matured,the carrying value

Q98: When a bond is issued at a

Q99: On March 21,2019,the bond accounts of Fitzhugh

Q100: On January 1,2018,Shade Landscaping borrowed $100,000 on

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