Business, 19.12.2019 05:31, kevinmarroquin6

On january 1, 2018, statewide sales issued $32,000 in bonds for $18,700. these are six−year bonds with a stated rate of 12% 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

34,000

discount on bonds payable

15,300

after the second interest payment on december 31, 2017, 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.)

a. debit of $14,025

b. debit of $16,575

c. credit of $15,300

d. debit of $12,750

Answers: 3

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On january 1, 2018, statewide sales issued $32,000 in bonds for $18,700. these are six−year bonds wi...