Business, 16.04.2020 20:25 alexisbcatlett14

On November 1, 2019, Davis Company issued $30,000, ten-year, 7% bonds for $29,100. The bonds were dated November 1, 2019, and interest is payable each November 1 and May 1. Davis uses the straight-line method of amortization.

How much is the semi-annual interest expense when the straight-line method of amortization is utilized?

A. $1,095.

B. $2,055.

C. $2,190.

D. $2,010.

Answers: 2

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On November 1, 2019, Davis Company issued $30,000, ten-year, 7% bonds for $29,100. The bonds were da...

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