On 1 January 2017,Carter Sales Issued $27,000 in Debentures for $33,800.They

question 74

Multiple Choice

On 1 January 2017,Carter Sales issued $27,000 in debentures for $33,800.They were eight year debentures with a stated rate of 14% and pay semiannual interest.Carter Sales uses the straight-line method to amortise the debenture premium.On 30 June 2017,when Carter makes the first payment to investors,how much will they report as Interest expense? (Round to the nearest dollar. )

• A)$5335
• B)$1480
• C)$1890
• D)$1465

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