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On January 1, 2018, the Marathon Corporation issued 10% bonds with a face value of $200,000. The bonds are sold for $191,000. The bonds pay
On January 1, 2018, the Marathon Corporation issued 10% bonds with a face value of $200,000. The bonds are sold for $191,000. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, 2022. Marathon records straight-line amortization of the bond discount. The bond interest expense for the year 2019 is:
Group of answer choices
$21,800
$20,900
$18,200
$29,000
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