On January 1 of the current year, Barton Corporation issued 10% bonds with a face value of $95,000. The bonds are sold for $92,150. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, 5 years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is O a. $2,850 Ob. $792 O c. $9,500 O d. $10,070

On January 1 of the current year, Earton Corporation issued 10% bonds with a face value of $95,000. The bonds are sold for $92,150. The bonds pay interest semiannually on June 30 and December 31 , and the maturity date is December 31 , 5 years from now. Barton fecords straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is a. $2850 b. $792 c. $9,500 d. $10,070