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A ten year $2.000.000 bond is issued on January 1, 20xx with a 4% stated interest rated. Interest is paid semiannually on June 30 and
A ten year $2.000.000 bond is issued on January 1, 20xx with a 4% stated interest rated. Interest is paid semiannually on June 30 and December 31st. What is the amount that would be recorded as interest expense on June 30, 2010 (the fest interest payment), assuming that no interest expense has been recorded since the bond was issued on January 1st? Fill in the blank with your calculated number. DO NOT include commas. 5 siers period, decimal points, etc. Just enter the aw number. Webcourses will add commus to your answer automatically. For example, if you calculated the answer to be $24.122. you would only input: 24123
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