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On January 1, 2017, Toland Sales issued $20,000 in bonds for $19,300. These are eight-year bonds with a stated interest rate of 15% pay semiannual
On January 1, 2017, Toland Sales issued $20,000 in bonds for $19,300. These are eight-year bonds with a stated interest rate of 15% pay semiannual interest. Toland Sales uses the straight-line method to amortize the bond discount. What is the bond carrying amount after the first interest payment on June 30, 2017? (Round your intermediate answers to the nearest dollar.) A. $20,000 B. $18,994 C. $19,694 D. $19,344
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