On January 1 of the current year, Barton Corporation issued 10%, 5-year bonds with a face value of $86,000. The bonds are sold for $81,700. 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 current year ended December 31 is O a. $430 O b. $9,890 O c. $9,460 O d. $4,300

On January 1 of the current year, Barton Corporation issued 10%,5-year bonds with a face value of $86,000. The bonds are sold for $81,700. The bonds pay interest, semlannually 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 current year ended December 31 is a. 5430 b. 59,890 c. $9,460 d. $4,300