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Weller Company issued bonds with a face value of $400,000,a 10% stated rate of interest,and a 10-year term.The bonds were issued on January 1,2016,and Weller uses the effective interest method of amortization.The market rate of interest on the date of issue was 8%.Interest is paid annually on December 31.
-Assuming Weller issued the bonds for $431,940,the carrying value of the bonds on the December 31,2018 balance sheet would be closest to:
A)$420,615.
B)$426,495.
C)$414,264.
D)$404,800.

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Weller Company issued bonds with a face value of $400,000,a 10% stated rate of interest,and a 10-year term.The bonds were issued on January 1,2016,and Weller uses the effective interest method of amortization.The market rate of interest on the date of issue was 8%.Interest is paid annually on December 31.
-Assuming Weller issued the bonds for $431,940,the carrying value of the bonds on the December 31,2018 balance sheet would be closest to:
A)$420,615.
B)$426,495.
C)$414,264.
D)$404,800.

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