On January 1,2015,Carter Sales issued $15,000 in bonds for $15,800.They were 8-year bonds with a stated rate of 9%,and pay semiannual interest.Carter Sales uses the straight-line method to amortize the Bond Premium.Immediately after the issue of the bonds,the ledger balances appeared as follows: After the first interest payment on June 30,2015,what will be the balance in the Premium Account?

Question

On January 1,2015,Carter Sales issued $15,000 in bonds for $15,800.They were 8-year bonds with a stated rate of 9%,and pay semiannual interest.Carter Sales uses the straight-line method to amortize the Bond Premium.Immediately after the issue of the bonds,the ledger balances appeared as follows:  After the first interest payment on June 30,2015,what will be the balance in the Premium Account?

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The Answer of On January 1,2015,Carter Sales issued $15,000 in bonds for $15,800.They were 8-year bonds with a stated rate of 9%,and pay semiannual interest.Carter Sales uses the straight-line method to amortize the Bond Premium.Immediately after the issue of the bonds,the ledger balances appeared as follows:  After the first interest payment on June 30,2015,what will be the balance in the Premium Account?

On January 1,2015,Carter Sales Issued $15,000 in Bonds for $15,800