Business, 19.12.2019 01:31 emma3216

The designer company issued 10-year bonds on january 1. the 6% bonds have a face value of $800,000 and pay interest every january 1 and july 1. the bonds were sold for $690,960 based on the market interest rate of 8%. designer uses the effective-interest method to amortize bond discounts and premiums. on july 1, designer should record interest expense (round to the nearest dollar) of

a) $27,638

b) $24,000

c) $48,000

d) $55,277

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The designer company issued 10-year bonds on january 1. the 6% bonds have a face value of $800,000 a...

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