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On January 1, 2021, Legion Company sold $255,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds

On January 1, 2021, Legion Company sold $255,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $223,221, priced to yield 10%. Legion records interest at the effective rate. Legion should pay cash interest for the six months ended June 30, 2021, in the amount of: Multiple Choice $8,929. $10,200. $11,161. $12,750.

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