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help plz q28 Wayne Company received proceeds of $754,000 on 10year,8% bonds issued on January 1,2019 . The bonds had a face value of $800,000,
help plz q28 
Wayne Company received proceeds of $754,000 on 10year,8% bonds issued on January 1,2019 . The bonds had a face value of $800,000, pay interest annually on December 31 , and have a call price of 101 . The company uses the straight-line method of amortization. What is the amount of interest Wayne must pay the bondholders in 2019 ? $64,000 559.400 $60,320 $68.600 Wayne Company received proceeds of $754,000 on 10year,8% bonds issued on January 1,2019 . The bonds had a face value of $800,000, pay interest annually on December 31 , and have a call price of 101 . The company uses the straight-line method of amortization. What is the amount of interest Wayne must pay the bondholders in 2019 ? $64,000 559.400 $60,320 $68.600 Step by Step Solution
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
