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On January 1, 2017, Taggart Sales issued $18.000 in bonds for $24,800. These are eight-year bonds with a stated interest rate of 11% that pay

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On January 1, 2017, Taggart Sales issued $18.000 in bonds for $24,800. These are eight-year bonds with a stated interest rate of 11% that pay semiannual interest. Taggart Sales uses the straight-line method to amortize the bond premium. After the first interest payment on June 30, 2017, what is the bond carrying amount? (Round your intermediate answers to the nearest dollar.) O A. $18,425 O B. $24,800 O C. $24,375 n January 1 O D. $18.000 51 27

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