On 1 January 2017,Carter Sales Issued $25,000 in Debentures for $22,300.They

Multiple Choice

On 1 January 2017,Carter Sales issued $25,000 in debentures for $22,300.They were eight year debentures with a stated rate of 11% and pay semiannual interest.Carter Sales uses the straight-line method to amortise the debenture discount.After the second interest payment on 31 December 2017,what was the debenture carrying amount? (Round to the nearest dollar. )

A) $22,300
B) $22,638
C) $22,469
D) $25,000