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On January 1, 2017, Carter Sales issued $23,000 in bonds for $20, 700. These are six-year bonds with a stated interest rate of 9%, and
On January 1, 2017, Carter Sales issued $23,000 in bonds for $20, 700. These are six-year bonds with a stated interest rate of 9%, and pay semiannual interest. Carter Sales uses the straight-line method to amortize the Bond Discount. What amount is debited to Interest Expense on June 30, 2017? (Round your answer to the nearest dollar.) $4, 945 $192 $1, 227 $1, 035
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