A corporation issues $300,000, 10%, 5-year bonds on January 1, 2012, for $287,400. Interest is paid annually

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A corporation issues $300,000, 10%, 5-year bonds on January 1, 2012, for $287,400. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond discount and only records amortization at year end, the amount of bond interest expense to be recognized in December 31, 2012's adjusting entry is ______