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Business, 14.01.2021 16:40 sophiat17

On January 1, 2018, Legion Company sold $270,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $146,125, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2018, in the amount of

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On January 1, 2018, Legion Company sold $270,000 of 4% ten-year bonds. Interest is payable semiannua...
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