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0/1 pts Question 31 On May 1, 2020, Donnager Enterprises sold 6% bonds with a face value of $100,000, which are dated January 1, 2020.
0/1 pts Question 31 On May 1, 2020, Donnager Enterprises sold 6% bonds with a face value of $100,000, which are dated January 1, 2020. Donnager had delayed the bond issue because of unusual fluctuations in market rates of interest. When the company issued the bonds on May 1, 2020, the market rate of interest was 6%. The bonds are due on December 31, 2024 and pay interest on December 31 of each year. What is the interest expense on December 31, 2020? Round to the nearest dollar. rs 4,000 (with margin: 0)
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