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On January​ 1, 2018, Wonderland Sales issued $28,000 in bonds for $20,300. These are eight−year bonds with a stated interest rate of 13​% and pay semiannual interest. Wonderland Sales uses the straightminus−line method to amortize the bond discount. What is the bond carrying amount after the first interest payment on June​ 30, 2018?​ (Round your intermediate answers to the nearest​ dollar.)

Respuesta :

Answer:

$20,781.25

Explanation:

Bond carrying amount after the first interest payment on June​ 30, 2018:

= Carrying value of bond On January 1, 2018 + Amortization of discount on June 30, 2018

[tex]=20,300+\frac{(28,000-20,300)}{8\ years\times2}[/tex]

[tex]=20,300+\frac{7,700}{16}[/tex]

      = 20,300 + 481.25

      = $20,781.25

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