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On January 1, 2020, Commercial Equipment Sales issued $28,000 in bonds for $25,600. These are six-year bonds with a stated interest rate of 10%,
On January 1, 2020, Commercial Equipment Sales issued $28,000 in bonds for $25,600. 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, 2020? O $2,800 O $3,000 O $1,600 O $1,400 Previous
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