Question
On January 1 of the current year, Barton Corporation issued 8% bonds with a face value of $88,000. The bonds are sold for $83,600. The
On January 1 of the current year, Barton Corporation issued 8% bonds with a face value of $88,000. The bonds are sold for $83,600. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is
a.$3,520
b.$8,360
c.$440
d.$7,920
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Accounting Principles Part 3
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition Volume 1
1118306805, 978-1118306802
