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On January 1, 2021, a company issued 13.0% bonds dated January 1, 2021, with a face amount of $300,000. The issue price was $264,569. The
On January 1, 2021, a company issued 13.0% bonds dated January 1, 2021, with a face amount of $300,000. The issue price was $264,569. The bonds mature in 15 years. Interest is paid semiannually on June 30 and December 31. Assume that the company uses the straight-line interest method. What is the balance of the discount account as of June 30, 2021 entry (immediately after the first interest payment)? (Click to select) $36,612 $34,250 $33,069 $37,793
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