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A company purchased $120,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1. The amount

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A company purchased $120,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1. The amount of interest accrued on December 31 (the company's year-end) would be: O $3,600 O $1.200 O $2.400 o $6,000 O $3,000

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