On 1 January 2017,Carter Sales Issued $23,000 in Debentures for $18,700.They

Multiple Choice

On 1 January 2017,Carter Sales issued $23,000 in debentures for $18,700.They were six year debentures with a stated rate of 10% and pay semiannual interest.Carter Sales uses the straight-line method to amortise the Debentures discount.Immediately after issue of the debentures,the ledger balances appeared as follows:


After the first interest payment on 30 June 2017,what will be the balance in the Discount account?

A) Debit of $4658
B) Debit of $3942
C) Debit of $4300
D) Credit of $358