On December 31, 2017, Clark Sales has 10-year Bonds Payable of $89,000 and Discount on Bonds Payable of $2,350. How will this be shown on the December 31, 2016 Balance Sheet?
A) Bonds Payable $89,000 less Discount on Bonds Payable $2,350 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 $2,350 for a carrying amount of $88,765
A .Bonds Payable $89,000
Less: Discount on Bonds Payable 2,350
Bond Carrying Amount $86,650
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