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On January 1, 2024, Legion Company sold $210,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were
On January 1, 2024, Legion Company sold $210,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $183,829, priced to yield 10%. Legion records interest at the effective rate.
Legion should report bond interest expense for the six months ended June 30, 2024, in the amount of:
Note: Round your answer to the nearest dollar amount.
Multiple Choice
$33,600.
$10,500.
$9,191.
$8,400.
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