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6. On January 1, 2018, Legion Company sold $250,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds
6. On January 1, 2018, Legion Company sold $250,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $192,650, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2018, in the amount of: (Round your answer to the nearest dollar amount.) Multiple Choice $40,000 $11,559 $10,000 $15,000
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