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Ava, Inc., issued 8% bonds, dated January 1, with a face amount of $279,200 on January 1, 2020 for an issue price of 11 The

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Ava, Inc., issued 8% bonds, dated January 1, with a face amount of $279,200 on January 1, 2020 for an issue price of 11 The band met de similar risk and maturity the market yield is 9%. Interest is paid annually on December 31. When recording the payment of interest on December 31, 2020, what is the amount of the credit to cash

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