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On January 1 of the current year, the Queen Corporation issued 6% bonds with a face value of $66,000. The bonds are sold for $64,020.

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On January 1 of the current year, the Queen Corporation issued 6% bonds with a face value of $66,000. The bonds are sold for $64,020. The bonds pay Interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now, Queen records straight-line amortization of the bond discount. Determine the bond interest expense for the year ended December 31. Select the correct answer O $330 54356 $1.980 $3.960

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