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QUESTION 7) On January 1, 2018, Westside Sales issued $20,000 in bonds for $24,800. These are eight-year bonds with a stated interest rate of 9%

QUESTION 7) image text in transcribed

On January 1, 2018, Westside Sales issued $20,000 in bonds for $24,800. These are eight-year bonds with a stated interest rate of 9% that pay semiannual interest. Westside Sales uses the straight-line method to amortize the bond premium. After the first interest payment on June 30, 2018, what is the bond carrying amount? (Round your intermediate answers to the nearest dollar.) O A. $24.800 B. $20,300 OC. $24,500 OD. $20,000

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