Hermosa Vista Company issued

$180,000

5-year,

6.00%

bonds and received

$183,843

in cash. The market rate of interest when the bonds were issued was

5.50%

. What is the amount of interest expense to be recorded for the first annual interest period if the company uses simplified effective-interest amortization?\ Multiple Choice\

$9,900.00

\

$10,111.37

\

$10,800.00

\

$11,030.58

Hermosa Vista Company issued $180,000-year, 6.00% bonds and received $183,843 in cash. The market rate of interest when the bonds were issued was 5.50%. What is the amount of interest expense to be recorded for the first annual interest period if the company uses simplified effective-interest amortization? Multiple Choice $9,900.00 $10,111,37 $10,80000 $11,030.58