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On January 1, 2018, State de Sales issued 32,000 in bonds for S21 700. These are six-year bonds with a stated rate of 10% and

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On January 1, 2018, State de Sales issued 32,000 in bonds for S21 700. These are six-year bonds with a stated rate of 10% and pay sem anual interest. Statewide Sales uses the straight-line method to amortize the Bond Discount. Immediately after the issue of the bonds, the ledger balances appeared as follows Bonds Payable 32,000 10 Aftor the second interest payment on December 31,2018, what is the balance of Discount on Bonds Payable? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) O A. debit of $9,442 O B. dobit of $8,583 O C. credit of $10,300 OD, debitof$11,158 book ore

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