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
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