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19. On January 1 of the current year, Barton Corporation issued 9%, 5-year bonds with a face value of $88,000. The bonds are sold for
19.
On January 1 of the current year, Barton Corporation issued 9%, 5-year bonds with a face value of $88,000. The bonds are sold for $83,600. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, 5 years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the current year ended December 31 is
a.$8,800
b.$440
c.$9,240
d.$3,960
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