The balance in the Bonds Payable is a credit of $74,000. The balance in the Premium on Bonds Payable is a credit of $1,600. What is the bond carrying amount?

A) $1,600
B) $75,600
C) $74,000
D) $72,400

B .Bonds Payable $74,000
Add: Premium on Bonds Payable 1,600
Bond Carrying Amount $75,600