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On January 2,2020 , a calendar-year corporation sold 5% bonds with a face value of $3180000. These bonds mature in five years, and interest is
On January 2,2020 , a calendar-year corporation sold 5% bonds with a face value of $3180000. These bonds mature in five years, and interest is paid semiannually on June 30 and December 31 . The bonds were sold for $2916000 to yield 7%. Using the effectiveinterest method of computing interest, how much should be charged to interest expense in 2020 ? $159000$222600$204120$204910
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