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A company Issued 10-year, 7% bonds with a par value of $360,000. The company received $342,000 for the bonds. Using the straight-line method, the amount

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A company Issued 10-year, 7% bonds with a par value of $360,000. The company received $342,000 for the bonds. Using the straight-line method, the amount of Interest expense for the first semiannual Interest period is

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