On January 1, $835,000, 5-year, 10% bonds were issued for $809,950. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize a discount on bonds payable, the semiannual amortization amount is a. $25,050 O b. $5,010 c. $2,505 O d. $41,750

On January 1,$835,000,5-year, 10% bonds were issued for $809,950. Interest is paid semlannually on January 1 and July 1.14 the issuing corporation uses the straight-line method to amortize a discount on bonds payable, the semiannual amortization amount is a. $25,050 b. $5,010 c. 52,505 d. $41,750