On January 1,2018,Waller Sales issued $30,000 in bonds for $23,300.These are eight-year bonds with a stated rate of 11%,and pay semiannual interest.Waller Sales uses the straight-line method to amortize the bond discount.After the second interest payment on December 31,2018,what is the bond carrying amount? (Round your intermediate answers to the nearest cent,and your final answer to the nearest dollar.)

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The bond carrying amount after the second interest payment can be calculated by adding the amortized discount to the initial bond price. The total discount on the bonds is $30,000 - $23,300 = $6,700. With the straight-line method, this discount is amortized evenly over the bond's life. The bonds have an 8-year life and pay semiannual interest, so there are 16 total payments. The discount amortized per period is $6,700 / 16 = $418.75. After two payments, the total amortized discount is $418.75 * 2 = $837.50. Adding this to the initial bond price gives $23,300 + $837.50 = $24,137.50, which rounds to $24,138.

On January 1,2018,Waller Sales Issued $30,000 in Bonds for $23,300