7) On January 1, 2021, Legion Company sold $240,000 of 8% ten-year bonds. Interest is payable...

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7) On January 1, 2021, Legion Company sold $240,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $184,944, priced to yield 12%. Legion records interest at the effective rate. 002 (0 Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of: (Round your answer to the nearest dollar amount.) A) $38,400. B) $11,097. C) $9600. D) $14,400. applied to the purchase 7) On January 1, 2021, Legion Company sold $240,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $184,944, priced to yield 12%. Legion records interest at the effective rate. 002 (0 Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of: (Round your answer to the nearest dollar amount.) A) $38,400. B) $11,097. C) $9600. D) $14,400. applied to the purchase