Lake Company sold $200,000 bonds at 103. What is the carrying value of the bonds? $200,000 $6,000 $206,000 194.000 D | Question 23 Premium on Bonds Payable is A liability account with a credit balance A contra account with a credit balance O An adjunct account with a credit balance O An adjunct account with a debit balance D Question 24 A monthly mortgage payment would include all of the following EXCEPT O A debit to Mortgage Payable O A credit to cash O A debit to Interest Expense O A credit to Mortgage Revenue