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A company issues $17100000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds
A company issues $17100000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $16704737. What is interest expense for 2021, using straight-line amortization? $1011563 $1366926 O $991800 O $1003612 On October 1, 2020 Bramble Corp. issued 5%, 10-year bonds with a face value of $5940000 at 103. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. The entry to record the issuance of the bonds would include a credit of O $5761800 to Bonds Payable. O $178200 to Discount on Bonds Payable. O $178200 to Premium on Bonds Payable. $148500 to Interest Payable
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