On january 1, 2015, jon sports has a bond payable of $200,000. during 2015, it pays off $20,000 of the outstanding bond principal and issues a new $70,000 bond. there are no other transactions related to the bond payable account. what is jon sports' december 31, 2015, bond payable balance?

250,000 bonds payable at December 31th, 2015

Explanation:

Beginning Bonds

-Principal Payment made (bonds called)

+bonds issued

Ending Bonds

200,000

-20,000 principal payment

70,000 new bonds issued

250,000 bonds payable at December 31th, 2015

d. automatic stabilizers.

explanation:

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