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3:37 ACCT 227-FINAL EXAM 31 M 5G. 85% 1 Franklin Corporation isses $87,0 10%, 5-year Ands on January 1 for $90,terest is para semiannually

3:37 ACCT 227-FINAL EXAM 31 M 5G. 85% 1 Franklin Corporation isses $87,0 10%, 5-year Ands on January 1 for $90,terest is para semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is 8. 11

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