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On January 1, 2024, Statewide Sales issued $35,000 in bonds for $18,700. These are sbx-year bonds with a stated rate of 15% and pay semiannual

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On January 1, 2024, Statewide Sales issued $35,000 in bonds for $18,700. These are sbx-year bonds with a stated rate of 15% 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 tollows: After the second interest payment on December 31,2024, what is the balance of Discount on Bonds Payabie? (Round any intermediate calculations to two decima places, and your final answer to the mearest dollar.) A. debit of $17,658 B. debit of $14,942 C. credit of $16,300 D. debit of $13,583

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