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On November 1, 2019, Davis Company issued $30,000, nine-year, 6% bonds for $29,244. The bonds were dated November 1, 2019, and interest is payable each

On November 1, 2019, Davis Company issued $30,000, nine-year, 6% bonds for $29,244. The bonds were dated November 1, 2019, and interest is payable each November 1 and May 1. Davis uses the straight-line method of amortization. How much is the semi-annual interest expense when the straight-line method of amortization is utilized? Multiple Choice $1,884. $1,716. $1,758. $942

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