The balance in the Debentures payable account is a credit of $67,000.The balance in the Discount on debentures payable account is a debit of $2150.How much is the debentures' carrying amount?
A)$2150
B)$67,000
C)$69,150
D)$64,850

Question

Quizplus · Accepted Answer

The carrying amount of debentures is calculated by subtracting the discount on debentures payable from the debentures payable balance: $67,000 - $2,150 = $64,850.

The Balance in the Debentures Payable Account Is a Credit