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On January 1, 2018 Statewide Sales issued $19.000 in bonds for $17.700. These are six-year bonds with a stated rate of 16% and pay semiannual

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On January 1, 2018 Statewide Sales issued $19.000 in bonds for $17.700. These are six-year bonds with a stated rate of 16% and pay semiannual 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 19,000 Discount on Bonds Payable 1,300 Gradebook Score After 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) See score

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