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On January 1, 2021, Legion Company sold $270,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds
On January 1, 2021, Legion Company sold $270,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $146.125, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of: (Round your answer to the nearest dollar amount.) Multiple Choice $16,200 $5,400 *Untitled - Notepad File Edit Format View Help NO NEED TO PROVIDE WORK, I JUST NEED THE CORRECT ANSWER, NOTHING MORE. PLEASE DO NOT WASTE YOUR TIME TO SHOW WORK $21,600 $8.768 100% Windows (CRLF) UTF-8
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