the answer is not C 338,004.

0 QC9-16 (similar to) Question Help McDaniels Corporation issued $350,000 of 6.5% 10 year bonds. The bonds are dated and sold on January 1, 2015. Interest payment dates are January 1 and July 1. The bonds are issued for $337,564 to yield the market interest rate of 7%. On the first manual interest payment date, July 1, 2015, the company recorded $11,816 in interest expense and $440 in discount amortization. The interest payment is $11,375 Using the effective interest method, what is the carrying amount of the bonds on the January 1, 2016 balance sheet? O A $337.564 OB. $338,450 OG $350,000 D. $338,004