The balance in the Bonds payable account is a credit of $50,000.The balance in the Discount on bonds payable account is a debit of $1,500.How much is the bond carrying amount?
A) $1,500
B) $50,000
C) $51,500
D) $48,500

Name: The balance in the Bonds payable account is a credit of $50,000.The balance in the Discount on bonds payable account is a debit of $1,500.How much is the bond carrying amount? A) $1,500 B) $50,000 C) $51,500 D) $48,500
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Quizplus · Accepted Answer

D) Calculation: $50,000 - $1,500 = $48,500

The Balance in the Bonds Payable Account Is a Credit