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On January 1, 2019, Tower company issues $15,000 in bonds for $14,700. They were 6 year bonds with a coupon rate of 9% and pay
On January 1, 2019, Tower company issues $15,000 in bonds for $14,700. They were 6 year bonds with a coupon rate of 9% and pay semiannual interest. The straight-line method is used to amortize the bond discount. On June 30, 2019 when the first payment is made, how much interest Expense will be recorded?
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