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Blue Co. issues $900,000 par value 7% bonds on January 1, 2019. The bonds mature in 10 years and pay interest semiannually. Assume the market
Blue Co. issues $900,000 par value 7% bonds on January 1, 2019. The bonds mature in 10 years and pay interest semiannually. Assume the market rate at the time of issuance is also 7%. What is the amount of interest expense recognized on the first semiannual payment date? S63,000 $31.500 $6,300 55.250
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