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On January 1, 2018, Legion Company sold $210,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were

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On January 1, 2018, Legion Company sold $210,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $157,659, priced to yield 10 %. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2018, in the amount of: (Round your answer to the nearest dollar amount.) Multiple Choice $7,883 $25,200 $10,500 $6,300 FA # $ % 2 3 4 5 6 7 8 E R Y U

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