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What is the carrying value of the note as of september

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Problem 1: On June 1, 2021, A Company borrowed $485,000 cash by issuing a 6-month noninterest-bearing note with a maturity value of $500,000. Assuming straight-line amortization of the discount, what is the carrying value of the note as of September 30, 2021? (Round all calculations to the nearest whole dollar amount.)

A) $525,000.
B) $300,000.
C) $495,000.
D) $475,000.

Reference no: EM132822286

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