The amount of recorded interest expense for first semiannual


A company issued 5 year, 7% bonds with a par value of $100,000. The company received $97,947 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is (closest to)?

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Accounting Basics: The amount of recorded interest expense for first semiannual
Reference No:- TGS0679967

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