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Accounting for long term liabilities 3 Required information [The following information applies to the questions displayed below.] Legacy issues $670,000 of 6.0%, four-year bonds dated

Accounting for long term liabilities 3

Required information [The following information applies to the questions displayed below.] Legacy issues $670,000 of 6.0%, four-year bonds dated January 1, 2021 , that pay interest semiannually on June 30 and December 31. They are issued at $624,896 when the market rate is 8%. 2. Determine the total bond interest expense to be recognized over the bonds' life

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