On January 1,2018,Statewide Sales Issued $29,000 in Bonds for $20,700

question 117

Multiple Choice

On January 1,2018,Statewide Sales issued $29,000 in bonds for $20,700.These are six-year bonds with a stated rate of 12% and pay semiannual interest.Statewide Sales uses the straight-line method to amortize the Bond Discount.Immediately after the issue of the bonds,the ledger balances appeared as follows: Discount on Bonds Payable
After the second interest payment on December 31,2018,what is the balance of Discount on Bonds Payable? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)

• A) debit of $7608
• B) debit of $8992
• C) debit of $6917
• D) credit of $8300

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Definitions:

Leverage

A measure of how far the values of the independent variables are from their mean values.

Regression Results

The outcomes of regression analysis, including the estimated relationships between variables and measures of these relationships' strength and significance.

Multicollinearity

The term used to describe the correlation among the independent variables.

Independent Variables

Variables in an experiment or model that are manipulated or changed to observe their effect on dependent variables.