Question: 19 (2 points) Acme CO. issued a $200,000, 3 year, 7% bond on 1/1/2020 for $194,758. The bonds pay interest were issued when the market

19 (2 points) Acme CO. issued a $200,000, 3 year, 7% bond on 1/1/2020 for $194,758. The bonds pay interest were issued when the market rate of interest was 8%. The amount of cash paid for interest on 6/ $7,000 $14,000 $7,790 $3,500

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