On 1 January 2017,Carter Sales Issued $17,000 in Debentures for $20,800.They

Multiple Choice

On 1 January 2017,Carter Sales issued $17,000 in debentures for $20,800.They were eight year debentures with a stated rate of 12% and pay semiannual interest.Carter Sales uses the straight-line method to amortise the debenture premium.After the first interest payment on 30 June 2017,what was the debenture carrying amount? (Round to the nearest dollar. )

A) $17,000
B) $17,238
C) $20,562
D) $20,800