Question: 15 expense ad intertech record this year for the December payment 17.00 a. None of these are correct. 576.63 357.60 OP Aries InterTech Corporation needed
15 expense ad intertech record this year for the December payment 17.00 a. None of these are correct. 576.63 357.60 OP Aries InterTech Corporation needed financing to build a new manufacturing plant. On June 30 of this year, InterTech issued $2,175,000 of 8-year bonds with a 6% coupon rate (payments due on December 31st and June 30th). The effective interest rate was 8%. What amount in interest expense did InterTech record this year for the December 31 payment? Select one: I a. $87,000 b. None of these are correct. c. $76,863 d. $57,647 e. $97,928 (Ctrl)
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