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2 of 4 53.45 Required Information. Exercise 7-15 (Static) Bonds payable-record issuance and premium amortization LO 7-8 [The following information applies to the questions displayed
2 of 4 53.45 Required Information. Exercise 7-15 (Static) Bonds payable-record issuance and premium amortization LO 7-8 [The following information applies to the questions displayed below] Jessie Company issued $3 million face amount of 9%, 20-year bonds on July 1, 2022. The bonds pay interest on an annual basis on June 30 each year. pen Exercise 7-15 (Static) Part c ces c. Calculate the interest expense that Jessie Company will show with respect to these bonds in its income statement for the fiscal year ended December 31, 2022, assuming that the premium of $120,000 is amortized on a straight-line basis. Note: Enter your answers in whole dollar, not in millions. Accrued interest payable Premium amortization Interest expense for 6 months
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