Current Attempt in Progress A corporation issues $400000, 7%, 5-year bonds on January 1, 2021, for $383200. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2021's adjusting entry is O $3360. $28000. $24640. $31360.

A corporation issues $400000,7%,5-year bonds on January 1, 2021, for $383200. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31,2021 's adjustins entry is $3360. $28000 $24640 $31360