Eisley Corporation sold $200,000 of 9 percent, ten-year bonds for face value on September 1, 20xx. The
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Eisley Corporation sold $200,000 of 9 percent, ten-year bonds for face value on September 1, 20xx. The issue date of the bonds was May 1, 20xx. The company's fiscal year ends on December 3 1 , and this is its only bond issue. Record the sale of the bonds on September 1 and the first semiannual interest payment on November 1, 20xx. What is the bond interest expense for the year ended December 3 1 , 20xx?SE-1
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