Question: a. $1,740 b. $435 c. $5,220 d. $5,394 On January 1, Elias Corporation issued 9% bonds with a face value of $58,000. The bonds are

On January 1, Elias Corporation issued 9% bonds with a face value

a. $1,740 b. $435 c. $5,220 d. $5,394

On January 1, Elias Corporation issued 9% bonds with a face value of $58,000. The bonds are sold for $56,260. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, 10 years from now. Elias records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 of the first year is $1,740 Ob. $435 $5,220 $5,394

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