What is the carrying amount of the bonds payable

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Problem 1: On June 30, 2020, Huff company issued at 99, four thousand of 8% P1,500 bonds. The bonds were issued through an underwriter to whom the entity paid a bond issue cost of P510,000. On June 30, 2020, what is the carrying amount of the bonds payable?

a. P5,730,000
b. 5,940,000
c. 5,430,000
d. 6,000,000

Reference no: EM132806644

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