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On January 1, 2021, Weeping Willow Corporation issued $900,000 of 10%, 5-year bonds at 95, with interest paid semi-annually on July 1 and January 1.
On January 1, 2021, Weeping Willow Corporation issued $900,000 of 10%, 5-year bonds at 95, with interest paid semi-annually on July 1 and January 1. The company's fiscal year ends on December 31. Using the straight-line amortization method, how much Discount on Bonds Payable will be amortized on July 1, 2021? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.)
Group of answer choices
$49,500
$9,000
$45,000
$4,500
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