A company issued 5 year, 7 bonds with a par value of $1,100,000 The market rate when the bonds were issued was 6 5 , The company received $1,111,000 cash for the bonds Using the straight fine method, the amount of recorded interest expense for the first semiannual interest period is Multiple Choice $38,500 $77,000 $39600 A company issued 5 year, 7 bonds with a par value of $1,100,000 The market rate when the bonds were issued was 65 The company recelved $1,111,000 cash for the bonds Using the straight line method, the amount of recorded interest expense for the first semiannual interest period is Multiple Choice $32 500 $77000 $39 600

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A company issued 5  year, 7  bonds with a par value of $1,100,000  The market rate when the bonds were issued was 6 5 , The company received $1,111,000 cash for the bonds  Using the straight fine method, the amount of recorded interest expense for the first semiannual interest period is  Multiple Choice $38,500 $77,000 $39600 A company issued 5 year, 7  bonds with a par value of $1,100,000  The market rate when the bonds were issued was 65   The company recelved $1,111,000 cash for the bonds  Using the straight line method, the amount of recorded interest expense for the first semiannual interest period is  Multiple Choice $32 500 $77000 $39 600

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A company issued 5 -year, 7% bonds with a par value of $1,100,000. The market rate when the bonds were issued was 6.5%, The company

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