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On January 1, 2021, Legion Company sold $290,000 of 11% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were

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On January 1, 2021, Legion Company sold $290,000 of 11% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $258,046, priced to yield 13%. 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 $14,193 $15,950. $16,773. $18,850

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