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On January 1 of the current year, Barton Corporation issued 6% bonds with a face value of $102,000. The bonds are sold for $96,900. The
On January 1 of the current year, Barton Corporation issued 6% bonds with a face value of $102,000. The bonds are sold for $96,900. The bonds pay interest semiannually on June 30 and December 31 , and the maturity date is December 31 , five years from now amortization of the bond discount. The bond interest expense for the year ended 31 is a. $7,140 b. $3,060 c. $510 d. $7,650
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