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A corporation issues $219000,10%,5-year bonds on January 1,2020 , for $209700. Interest is paid annually on January 1 . If the corporation uses the straight

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A corporation issues $219000,10%,5-year bonds on January 1,2020 , for $209700. Interest is paid annually on January 1 . If the corporation uses the straight -fine method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31,2020 s sadjusting entry is $21900. $20040. $1860. $23760

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