On December 31, 2018, Country Living Sales has 10-year Bonds Payable of $89,000 and Discount on Bonds Payable of $2350. How will this be shown on the December 31, 2018 Balance Sheet?
A) Bonds Payable $89,000 less Discount on Bonds Payable $2350 for a carrying amount of $86,650
B) Bonds Payable $89,000 plus Discount on Bonds Payable for a carrying amount of $91,350
C) Bonds Payable $89,000
D) Bonds Payable $89,000 less one-tenth of $2350 for a carrying amount of $88,765
A) Bonds Payable $89,000 less Discount on Bonds Payable $2350 for a carrying amount of $86,650
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