On January 1, 2019, Commercial Equipment Sales issued $36,000 in bonds for $16,700. These are six-year bonds
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On January 1, 2019, Commercial Equipment Sales issued $36,000 in bonds for $16,700. These are six-year bonds with a stated interest rate of 15%, and pay semiannual interest on June 30 and December 31. Commercial Equipment Sales uses the straight line method to amortize the Bond Discount. What amount is debited to Interest Expense on June 30, 2019?
A. $21,200
B. $2,658
C. $858
D. $1,800
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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