Question: a . Daniel Jackson Co . sold $ 2 , 0 2 5 , 0 0 0 of 1 2 % , 1 0 -

a.DanielJacksonCo. sold $2,025,000of12%,10-year bonds at104on January 1,2025. The bonds were dated January 1,2025, and pay interest on July 1 and January 1. IfJacksonuses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be reported on July 1,2025, and December 31,2025.

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