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On July 1, 20x7, Day Co. received 103,288 for 100,000 face amount, 12% bonds, a price that yields 10%. Interest expense for the six months
On July 1, 20x7, Day Co. received 103,288 for 100,000 face amount, 12% bonds, a price that yields 10%. Interest expense for the six months ended December 31, 20x7, should be? show the solution and explain.
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