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On January 1, 2019, Commercial Equipment Sales issued $28,000 in bonds for $15,700. These are six-year bonds with a stated interest rate of 10%, and
On January 1, 2019, Commercial Equipment Sales issued $28,000 in bonds for $15,700. These are six-year bonds with a stated interest rate of 10%, and pay semiannual interest on June 30 and December 31. Commercial Equipment Sales uses the straight-line method to amortize the Bond Discount. What amount is debited to Interest Expense on June 30, 2019? O A. $2,425 OB. $1,025 O c. $1,400 OD. $25,067
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