On January 1, 2015, Carter Sales issued $15,000 in bonds for $14,700. They were 6-year bonds with a stated rate of 9%, and pay semiannual interest. Carter Sales uses the straight-line method to amortize the Bond Discount. On June 30, 2015, when Carter makes the first payment to bondholders, how much will they report as Interest Expense?

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The Answer of On January 1, 2015, Carter Sales issued $15,000 in bonds for $14,700. They were 6-year bonds with a stated rate of 9%, and pay semiannual interest. Carter Sales uses the straight-line method to amortize the Bond Discount. On June 30, 2015, when Carter makes the first payment to bondholders, how much will they report as Interest Expense?

On January 1, 2015, Carter Sales Issued $15,000 in Bonds