Exhibit 14-8 Piazzi, Inc sold $400,000 of its 9%, five-year bonds dated January 1, 2013, on May 1, 2013, for $393,000 plus accrued interest. Interest is paid on January 1 and July 1 and straight-line amortization is used. ? Refer to Exhibit 14-8. The net liability for the bonds after recording the sale would be
A) $408,000.
B) $407,700.
C) $400,000.
D) $393,000.
D
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