On January 1,2019,Brewers Corporation issued $600,000 of 6%,5-year bonds at 99,with interest paid annually.Using the straight-line amortization method,what is the carrying value of the bonds on January 1,2019? (Round your final answer to the nearest dollar. )
A) $594,000
B) $606,061
C) $595,200
D) $636,000
Correct Answer:
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