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A company issued five-year, 7% bonds with a par value of $180,000. The company received $182,700 cash for the bonds. Using the straight-line method, the

A company issued five-year, 7% bonds with a par value of $180,000. The company received $182,700 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is ?

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