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On January 1, 2017, Carter Sales issued $36,000 in bonds for $18,700. These are six-year bonds with a stated interest rate of 12%, and pay

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On January 1, 2017, Carter Sales issued $36,000 in bonds for $18,700. These are six-year bonds with a stated interest rate of 12%, and pay semiannual interest. Carter Sales uses the straight-line method to amortize the Bond Discount. Determine the following. The semi-annual cash interest payment Amortized Bond Discount What amount is debited to Interest Expense on June 30,2017 (first semi-annual)? Prepare the journal entry to record the June 30th interest payment. Show all your work Rodriguez Tint, Inc. uses the indirect method to prepare the statement of cash flows

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