On January 1,2017,Taggart Sales issued $24,000 in bonds for $25,800.These are eight-year bonds with a stated interest rate of 9% that pay semiannual interest.Taggart Sales uses the straight-line method to amortize the bond premium.After the first interest payment on June 30,2017,what is the bond carrying amount? (Round your intermediate answers to the nearest dollar. )
A) $25,800
B) $25,687
C) $24,113
D) $24,000
Correct Answer:
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