The balance in the Bonds Payable account is a credit of $67,000. The balance in the Discount on Bonds Payable account is a debit of $3350. What is the bond's carrying amount?
A) $3350
B) $70,350
C) $67,000
D) $63,650
D) $63,650
Explanation: Bonds Payable $67,000
Less: Discount on Bonds Payable 3350
Bond Carrying Amount $63,650
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