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On January 1, 2020, a company issued $494,000 of 5-year, 14% convertible debentures at 108. Interest is to be paid semiannually on June 30 and
On January 1, 2020, a company issued $494,000 of 5-year, 14% convertible debentures at 108. Interest is to be paid semiannually on June 30 and December 31. Bond premium/discount is amortized on a straight-line basis. For the journal entry on December 31, 2021, how much is interest expense?
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