Use the Following to Answer Questions

question 33

Multiple Choice

Use the following to answer questions
Wayne Company issued bonds with a face value of $600,000,a 6% stated rate of interest,and a 10-year term.The bonds were issued on January 1,2016,and Wayne uses the straight-line method of amortization.Interest is paid annually on December 31.
-Assuming Wayne issued the bonds for 102½,the carrying value of the bonds on the December 31,2016 balance sheet would be:

• A)$601,500.
• B)$613,500.
• C)$615,000.
• D)$616,500.