On January 1,2017,Toland Sales issued $26,000 in bonds for $20,300.These are eight-year bonds with a stated interest rate of 14% pay semiannual interest.Toland Sales uses the straight-line method to amortize the bond discount.What is the bond carrying amount after the first interest payment on June 30,2017? (Round your intermediate answers to the nearest dollar. )
A) $26,000
B) $17,806
C) $20,656
D) $23,506
Correct Answer:
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