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On October 1, 2012, Wenn Co. purchased 800 of the $1,000 face value, 8% bonds...

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Accounting

On October 1, 2012, Wenn Co. purchased 800 of the $1,000 face value, 8% bonds of Loy, Inc., for $936,000, including accrued interest of $16,000. The bonds, which mature on January 1, 2019, pay interest semiannually on January 1 and July 1. Wenn used the straight-line method of amortization and appropriately recorded the bonds as available-for-sale. On Wenn's December 31, 2013 balance sheet, the carrying value of the bonds is (Points : 2)

$920,000. $912,000. $908,800. $896,000.

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