On July 1, 2023, Crane Inc. issued $530000,9% bonds, which mature on July 1,2030 . The bonds were issued for $504197 to yield 10%. Crane uses the effective interest method of amortizing bond discount. Interest is payable annually on June 30 . At June 30,2025 , the adjusted balance in the Bonds Payable account should be a. $530000
b. $530717.
c. $506917.
d. $509909.