The balance in the Debentures payable account is a credit of $50 000. The balance in the Premium on debentures payable account is a credit of $900. The debenture carrying amount is $50 900.

Question

Quizplus · Accepted Answer

The carrying amount of debentures is calculated by adding the balance of the Debentures payable account ($50,000) and the Premium on debentures payable account ($900), resulting in a total of $50,900.

The Balance in the Debentures Payable Account Is a Credit