mpt in Progress A corporation issues $850000, 9%, 5-year bonds on January 1, 2021, for $814300. 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 $76500. $69360. $7140. O $83640.

A corporation issues $850000,9%,5-year bonds on January 1,2021 , for $814300. Interest is paid annually on January 1 . If the corpocation 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 $76500.$69360.$7140.$83640