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Golden Company received proceeds of $94,250 on 10-year, 8% bonds issued on January 1, 2007. The bonds had a face value of $100,000, pay interest

Golden Company received proceeds of $94,250 on 10-year, 8% bonds issued on January 1, 2007. The bonds had a face value of $100,000, pay interest semi-annually on June 30 and December 31, and have a call price of 101. Golden uses the straight- line method of amortization.What is the carrying value of the bonds on January 1, 2009? Select one: a. $98,850 b. $94,825 c. $100,000 Od. $95,400 image text in transcribed

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