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On January 1, 2021, Legion Company sold $210,000 of 9% ten-year bonds. Interest is payable semiannually on June 30 and December 31 . The bonds
On January 1, 2021, Legion Company sold $210,000 of 9% ten-year bonds. Interest is payable semiannually on June 30 and December 31 . The bonds were sold for $184,904, priced to yield 11%. Legion records interest at the effective rate. Legion should pay cash interest for the six months ended June 30,2021 , In the amount of
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