Question: Help Save & E A company issued 6-year, 8% bonds with a par value of $1,050,000. The market rate when the bonds were issued was

Help Save & E A company issued 6-year, 8% bonds with a par value of $1,050,000. The market rate when the bonds were issued was 75%. The company received $1.060,500 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is: Multiple Choice S84,000. 2.000. $83125. $42,875

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