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On January 1,2025 , Commercial Equipment Sales issued $38,000 in bonds for $15,700. These are six - year bonds with a stated interest rate of
On January 1,2025 , Commercial Equipment Sales issued $38,000 in bonds for $15,700. These are six - year bonds with a stated interest rate of 15%, and pay semiannual interest on June 30 and December 31. Commercial Equipment Sales uses the straight - line method to amortize the Bond Discount. What amount is debited to Interest Expense on June 30 , 2025? A. $1,858 B. $4,708 C. $2,850 D. $45,550 Step by Step Solution
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