On March 1, 20x5, King Corp sold 102 of its 9 percent, $1,000 bonds for a price of 102 plus accrued interest. The accrued interest amounted to $800. If a balance sheet were to be prepared at the end of the day, March 1, 20x5, the carrying value reported for the bonds payable would be
A) $102,000.
B) $104,040.
C) $104,840.
D) $103,240.
B
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