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Jones Rental Company issued $90,000 of 6% bonds on January 1 at a discount of...

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Accounting

Jones Rental Company issued $90,000 of 6% bonds on January 1 at a discount of $6,821. Interest expense reported during the year totaled $5,809, while amortization amounted to $409. What is the book value of the bonds on December 31?

Select one:

A. $95,864

B. $83,588

C. $83,222

D. $83,679

Answer & Explanation Solved by verified expert
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