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Chapter 12 Unanswered. I attempt left. Due on Apr 29 Little Greek issues a 500,000, 5 year, 8% bond on 1/1/19. Interest is paid quarterly,

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Chapter 12 Unanswered. I attempt left. Due on Apr 29 Little Greek issues a 500,000, 5 year, 8% bond on 1/1/19. Interest is paid quarterly, and the bond is issued when the market rate of interest is 12%. The issue price was $415,770. What is the interest expense recorded on 4/1/19? A $10,000 $8,315.40 $12,473.10 $49,892.40 Submit

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